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.