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Setting MRP details in Stock Items with GST using Tally.ERP9

To capture the MRP of stock items in the invoice, you have to enter the MRP details in the stock item master.

1.            Click F12: Configure in the Stock Item Alteration / Creation screen.

Setting MRP details in Stock Items using TallyERP9

2.            Allow MRP/Marginal for stock item? Yes .

3.             Press Ctrl+A to accept.

To enter the MRP for the stock item

1.            In the Stock Item Alteration screen, enable Set/alter MRP details?

Setting MRP details in Stock Items using TallyERP9

2.            In the MRP Details screen:

  • Allow MRP modification in voucher? Yes , if you want to modify the MRP during the transaction.
  • Consider MRP for calculation of GST rate in Slab rate? - Set this to Yes if you want the MRP of a stock item to be considered for GST rate calculation when slab rates are applicable. In this case, the tax amount still gets calculated on the selling price of the item.
  • Enter the MRP Rate/Margin .

Setting MRP details in Stock Items using TallyERP9

  • Press Ctrl+A to accept.

3.            In the Stock Item Alteration screen, press Enter to save.

 

Related topics....

Bill of Materials (BoM) in TallyERP9

e-Way Bill using Tally.ERP9

Price Levels and Price List in TallyERP9

Purchase of Capital Goods with GST in Purchase Voucher (F9) in Tally.ERP9

Purchase of ‘Nil-Rated’ , ‘Exempted’, Items & Goods using Tally.ERP9

Purchase Order Processing in TallyERP9

Record Expenses with GST in Purchase Voucher (F9) in Tally.ERP9

Sale of Goods and Services in a Single Invoice with multiple GST Rate in Tally.ERP9

Sale of Items and Goods with Inclusive of Tax Rate in Tally.ERP9

Sale of Items and Goods with Separate Actual and Billed Quantity Columns in Tally.ERP9

Sale of Items and Goods with Zero Valued Entries (Free Products) in Tally.ERP9

Sale of Nil-Rated, Exempted Supplies of Items and Goods using Tally.ERP9

Sales Order Processing in TallyERP9

TDS (Tax Deducted At Source) using TallyERP9

Cost Centre and Cost Category in TallyERP9


 

 

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