The purchase return is the return of the goods by the customer to the seller. In terms of GST it is a return by the recipient to the supplier of the goods. There may many reasons due to which the purchase return occurs. These includes reasons like faulty goods, short receipt, received in damaged condition, no proper documentation etc.
How to enter Purchase Return in Book Keeper?
To Enter Purchase Return in Book Keeper you just need to go to Transaction>Purchase Return/Debit Note create from there and then select the Supplier and purchase account after that select the items which you want to return to supplier enter rate ,tax etc. Set off against the original Purchase and save that.
When a tax invoice has been issued for supply of any goods or services or both and the taxable value or tax charged in that tax invoice is found to be less than the taxable value or tax payable in respect of such supply, the registered person, who has supplied such goods or services or both, shall issue to the recipient a debit note containing the prescribed particulars.
The debit note or a supplementary invoice is therefore a convenient and legal method by which the value of the goods or services in the original tax invoice can be enhanced. The issuance of the debit note will easily allow the supplier to pay his enhanced tax liability in his returns without requiring him to undertake any other tedious process.
How to enter a Debit Note in Book Keeper?
To Enter Debit Note in Book Keeper you just need to go to Transaction>Purchase Return/Debit Note create from there and then select the Supplier and purchase account and then select tax on total and enter the value directly in amount and leave the items section blank then charge tax and set off against purchase and save that. You can even change heading to Debit Note, go to Settings > Template Settings > Header > Purchase Return Heading.