Purchase Return Details Report With GST
The Purchase Return Details Report with GST is a report that provides detailed information about the returns of goods purchased by a business. This report specifically includes details related to the Goods and Services Tax (GST) on the returned items, helping businesses manage tax implications and compliance. When a business returns purchased goods to its suppliers, this report helps track the return process and the corresponding tax adjustments.
User Access
Who Can Access
- Pothys admin
- Back Office
- Purchase Manager
- Manager
What User Can Do
- View Reports
- Purchase Summary Report With GST.
Pre-Requisite Activities
- From Date
- To Date
- Vendor
- Warehouse
Business Rules
- The business rules of the Purchase Return Details Report with GST ensure that businesses manage returns effectively while maintaining tax compliance.
- These rules cover aspects such as GST reversal, inventory updates, tax reporting, and exception handling, ensuring that businesses accurately calculate and reverse taxes for returned goods.
- By adhering to these rules, businesses can streamline the return process, manage their tax credits correctly, and maintain accurate records for GST filings and audit purposes.
User Interface
STEP1: Click Purchase Reports Folder.
STEP2: Click Purchase Return Details Report with GST.
STEP3: Choose Parameter From Date, To Date and Vendor Name.
STEP4: Show Columns Details.
1.Vendor Return Document Number : The Vendor Return Document Number in the Purchase Return Details Report with GST is included to ensure that each purchase transaction is properly documented and linked to a unique GST invoice.
2.Vendor Return Date : The Vendor Return Date in the Purchase Return Details Report with GST is included for several important reasons, primarily related to tracking, compliance, financial management, and reporting.
3.Vendor Name : The Vendor Name in the Purchase Return Details Report with GST is included for several key reasons related to vendor management, tracking, compliance, and financial reporting.
4. Vendor GST Number : The Vendor GST Number (Goods and Services Tax Identification Number) is shown in the Purchase Return Details Report with GST for several important reasons related to compliance, transparency, and accurate tax reporting.
5.Warehouse : The inclusion of Warehouse in the Purchase Return Details Report with GST serves several important purposes, especially for businesses that have multiple locations or warehouses where goods are stored.
STEP5: Click Page Down Button Show Columns Details.
6.Sub-Total : The Sub Total is shown in the Purchase Return Details Report with GST for several important reasons, primarily related to improving clarity, facilitating tax compliance, and helping businesses track their expenses effectively. 7.Tax Amount
7. Cess Tax Amount : The CESS TAX amount is shown in the Purchase Return Details Report with GST because it is a mandatory part of the GST system for certain goods and services. Including CESS in the report ensures compliance with GST laws, supports Input Tax Credit (ITC) claims, and helps businesses understand their total tax burden.
8.Net Cost Amount : The Net Cost Amount in the Purchase Return Details Report with GST reflects the actual cost of the purchase after all adjustments have been made, such as discounts, taxes, additional charges, and deductions.
9.Product Code : The Product Code is shown in the Purchase Return Details Report with GST for several important reasons related to tracking, inventory management, and accurate financial reporting.
STEP6: Click Page Down Button Show Columns Details.
10.Product Name : The Product Name is shown in the Purchase Return Details Report with GST for several important reasons related to the clarity, accuracy, and traceability of purchase return transactions.
11.Department Name : The Department Name is shown in the Purchase Return Details Report with GST for several important reasons, primarily related to organizational structure, reporting accuracy, and ensuring proper tax and financial reconciliation.
STEP7: Click Page Down Button Show Columns Details.
12.Category : Including the Category in the Purchase Return Details Report with GST serves several important purposes, especially related to product classification, tax compliance, inventory management, and reporting.
13.Sub-Category : Including the Sub-category in the Purchase Return Details Report with GST enables businesses to track returns with greater detail and accuracy, ensuring better inventory management, financial reconciliation, GST compliance, and vendor communication.
14.Brand : The Brand of a product is a key factor in understanding returns and plays a critical role in inventory management, customer satisfaction, financial reporting, and compliance.
15.Quantity : Including Quantity in the Purchase Return Details Report with GST ensures that businesses can manage inventory accurately, comply with tax regulations, handle returns efficiently, and make data-driven decisions about their products and operations.
STEP8: Click Page Down Button Show Columns Details.
16. MRP : Including MRP (Maximum Retail Price) in the Purchase Return Details Report with GST serves several important purposes related to pricing, tax compliance, inventory management, and financial transparency.
17.Land Cost : Including Landed Cost in the Purchase Return Details Report with GST is important for businesses that need to track the total cost of products, including additional expenses beyond the product’s basic purchase price.
18.Line Sub Total : The Line Subtotal in the Purchase Return Details Report with GST refers to the subtotal for each individual line item or product in the return transaction, before any taxes, discounts, or additional charges are applied.
19. IGST : The inclusion of IGST (Integrated Goods and Services Tax) in the Purchase Return Details Report with GST is essential for businesses, particularly those involved in inter-state transactions under the GST system.
20. CGST : The inclusion of CGST (Central Goods and Services Tax) in the Purchase Return Details Report with GST is essential for businesses that are involved in intra-state transactions, where both CGST and SGST (State Goods and Services Tax) are levied on the transaction.
21. SGST : The inclusion of SGST (State Goods and Services Tax) in the Purchase Return Details Report with GST is important for businesses involved in intra-state transactions, where both SGST and CGST (Central Goods and Services Tax) are levied on the transaction.
22.Line Tax Total : The inclusion of the Line Tax Total in the Purchase Return Details Report with GST is critical for businesses to ensure proper tracking and reporting of the taxes involved in their purchases.
STEP8: Click Page Down Button Show Columns Details.
23.Cess Total : The CESS Total amount is shown in the Purchase Return Details Report with GST because it is a mandatory part of the GST system for certain goods and services. Including CESS in the report ensures compliance with GST laws, supports Input Tax Credit (ITC) claims, and helps businesses understand their total tax burden.
24.Created : The “Created” field in the Purchase Return Details Report with GST refers to the date and time when a particular purchase transaction or record was created in the system.
25.Reversal Number : The “Reversal Number” in the Purchase Return Details Report with GST is shown to indicate a purchase reversal or purchase return transaction. This refers to a situation where a business has reversed or canceled a previous purchase, typically due to reasons such as incorrect goods, damaged products, or disputes with the supplier.
26.Reversal Date : The “Reversal Date” in the Purchase Return Details Report with GST refers to the date when a purchase transaction (or part of it) was reversed, returned, or canceled. This date is critical for accurately adjusting financial records, GST filings, and ensuring that returns or cancellations are properly reflected in business transactions.
