Credit Note

To create a Credit Note for Sales Returns,

Go to Gateway of Tally > Accounting Vouchers > Ctrl+F8: Credit Note

  1. Enter the reference number in the Ref. field.

  2. Select Goods Sold Returned in the Used for field.

  3. Select the Party’s A/c Name from the List of Ledger Accounts.

  4. Select the Sales Ledger and the appropriate VAT /Tax Class appears.

  5. Select the stock item from the List of Items and enter the Quantity and Rate. The amount is automatically displayed in the Amount field.

  6. Select the required Output VAT ledger from the List of Ledger Accounts.

  7. Set Is e-Sugam Applicable to Yes.

Note: The Commercial Taxes Department of Karnataka has introduced e-Sugam to upload the transportation details of notified goods before the movement of such goods. Set the option - Is e-Sugam Applicable to Yes on sales returns of Notified Goods else set it to No.

  1. In the e-Sugam Details screen, provide the details pertaining to From Place, To Place (Destination), Transporter Name (Carrier Name/Agent), Vehicle Number (Despatch through) and Bill of Lading/LR-RR No. Select the Category of Transaction and based on that the Document Type gets displayed.

  1. Accept the e-Sugam Details screen.

  2. In the credit note, the field Show Statutory Details will be set to Yes which can be enabled if required.

  3. Accept the credit note.