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Purchase Returns (Karnataka)

Record a debit note for purchase return of taxable goods.

To record a debit note for purchase return of taxable goods

1. Go to Gateway of Tally > Accounting Vouchers > Ctrl+F9 .

2. Enter the reference number in the Ref. field.

3. Select the required Party’s A/c Name from the List of Ledger Accounts .

4. Enter the required details in Party Details screen.

5. Select the common purchase ledger .

6. Select the required taxable stock items.

7. Enter the returned Quantity and Rate . The amount is automatically displayed in the Amount field.

8. Select the required common VAT ledger. The ledger must be grouped under Duties & Taxes in which the options:

Type of duty/tax is set to VAT .

Percentage of Calculation (eg 5)? is set to 0.

9. Set the option Provide VAT Details? to Yes / No as required.

The debit note appears as shown below:

10. Press Enter to save.