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 required common VAT ledger.
9. Set the option Provide VAT Details? to Yes. The Statutory Details screen appears.
Note: In case of sales price rise, when a debit note is recorded in voucher mode to credit a sales ledger, the option Change in Consideration appears.
10. Select the required Nature of Return and press Enter. The credit note appears as shown below:
11. Press Enter to save.