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Recording Sales Returns (Chandigarh)

When doing sales returns, you can create credit notes for taxable goods against the original invoice.

To create a credit note for taxable goods

1. Go to Gateway of Tally > Accounting Vouchers > Crl+F8: Credit Note .

2. Enter the Original Invoice No. of sales invoice against which credit note is recorded.

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 sales ledger.

6. Select the required taxable stock item.

7. Enter the Quantity and Rate .

8. Select the common VAT ledger.

9. Set the option Provide VAT Details to Yes .

10. Enter the sales details and select the Nature of Return as Not Applicable to account for sales returns as shown below:

If the credit note is being recorded for any other purpose, select the relevant Nature of Return .

11. Select the required Nature of Return , and press Enter . The credit note appears as shown below:

12. Press Enter to save.