Sales Returns (Excise for Importers)

Sales returns have to be accounted back into the respective unit from where the clearance was done.

To record an excise credit note for sales returns,

1. Go to Gateway of Tally>Accounting Vouchers> press Ctrl + F8: Credit Note> select Excise Credit Note

2. Enter the reference number and date entered in the excise sales invoice in the Original Invoice Numberand Original Invoice Dt. fields

3. In the Used for option select Goods Sold Returned

4. Select the party ledger and provide the required information in Party Details screen

5. Select the sales ledger with the corresponding VAT/Tax Class

6. Select the stock item

7. In the Supplier Details screen,

8. Enter the voucher number of the original excise sales invoice to capture the invoice date automatically

9. Select the invoice reference from the List of Purchases and enter the quantity being returned in Quantity Return column

8. In the Stock Item Allocation screen, enter the Usable Quantity. Based on this, the Scrap Quantity gets displayed

9. Press Enter to accept

10. In the invoice, select the corresponding output VAT ledger

11. Enter the Inspection Document Number and Date

The completed Excise Credit Note appears as shown below:

12. Press Enter to accept