Updating Stock Items and Stock Groups for GST Compliance in Tally.ERP9
 
 

If the items you sell have different tax rates, update your stock item masters or stock groups with the applicable GST rates, and select the type of supply, as applicable.

To Update a Stock Item

In case you need different tax rates for different items, modify the stock items to include the applicable tax rates.

1.         Go to Gateway of Tally > Inventory Info. > Stock Items > Alter > select the item.
 
2.    Set/alter GST Details: Yes to specify the details in the GST Details screen, and save.
 
 
Note: If you have modified the tax rates before, press Alt + L to view the history of tax rate changes.
 
 

3.    Select the Type of supply.

4.    Press Ctrl + A to save.

>>        Create & Setup the GST Rate of the following Stock Items as per above Setup  >>

 

Name of Items

UoM

GST Rate

Monitors

Pcs

28%

Hp- Laptop

Pcs

18%

Mi Note-4 Mobiles

Pcs

12%

Antivirus Software CDs

Pcs

18%

 

To Update a Stock Group

1.    Go to Gateway of Tally > Inventory Info. > Stock Groups > Alter > select the group.
 
 
2.    Set/alter GST Details: Yes to specify the details in the GST Details screen, and save.
 
 

Integrated Tax: When you enter the integrated tax, state tax and central tax are calculated as half of the integrated tax specified. You can change state tax or central tax by using F12 configuration.

3.    Press Ctrl + A to save.

 
Company Information @ Tally.ERP9
 
 
 
Group & Ledger
Introduction
1. THE GROUP
2. THE LEDGER
3. VOUCHERS TYPES
Advanced Inventory / Stock
Meaning
Order Processing
Re-Order Levels
Tracking Numbers
Batch-wise Details
Additional Cost Details
Bill of Materials (BOM)
Price Lists and Price Levels
Stock Valuation
Zero Valued Entries
Inventory Ageing Report
Actual and Billed Quantities
 
Advanced Usage of Vouchers
Maintain Bill-wise Details
Cost Center and Cost Category
Interest Calculation
Reversing Journals
Post-Dated Voucher
Memo (Memorandum) Voucher
Optional Voucher
Using Tracking Number
Knowledge Base @ Tally.ERP9
Stock Items
Stock Groups
Inventory Masters
Inventory Vouchers
Inventory Report Statements
Balance Sheet
Accounting Reports
Accounting Vouchers
Interest Calculation
VAT-Value Added Tax
Service Tax
TDS (Tax Deducted at Source)
 
 
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The names of Companies and persons used in this Website have been used for illustrative purposes only.
The visitors may visit www.tallysolutions.com , the web site of Tally Solutions Pvt. Ltd. for resolving their doubts or for clarifications

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