PDF

Purchase Return (VAT)

Record purchase returns in debit notes for taxable goods.

Gateway of Tally > Vouchers > press F10 (Other Vouchers) > type or select Debit Note.

Alternatively, press Alt G (Go To) > Create Voucher > press F10 (Other Vouchers) > type or select Debit Note.

In case the voucher is inactive, you will be prompted to activate the Debit Note voucher type. Select Yes or press Y to proceed.

Enter the reference number in the Ref. field.
Select the required Party’s A/c Name from the List of Ledger Accounts.
Enter the required details in Party Details screen.
Select a common purchase ledger in which the option Is VAT/CST Applicable is set to Applicable, and the option Set/Alter VAT Details is not enabled.
Select the required stock item whose VAT rate is specified either at the stock group or at the stock item level.
As always, press Alt+C, to create a master on the fly. Alternatively, press Alt+G (Go To) > Create Master > type or select Stock Items > press Enter.
Enter the returned Quantity and Rate. The amount is automatically displayed in the Amount field.
Select the 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.
Set the option Provide VAT Details to Yes and enter the relevant details.
.Enter Narration, if required. The debit note appears as shown below: