1. In the Stock Item Alteration screen, enable Set/alter MRP details? 2. In the MRP Details screen: - if you want to modify the MRP during the transaction. Allow MRP modification in voucher? Yes, o Consider MRP for calculation of GST rate in Slab rate? - Set this to Yes if you want the MRP of a stock o 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. o Press Ctrl+A to accept. 3. In the Stock Item Alteration screen, press Enter to save. To enter state-wise MRP for the stock item 1. In the MRP Details screen, click F12: Configure. 2. - Allow state-wise MRP? Yes. 3. In the MRP Details screen: Enter the Applicable From date. o Select the State Name from the List of States. o Enter the MRP Rate. o Press Ctrl+A to accept. o 4. Press Enter to save. Setting slab-wise GST details (tax on item rate) To set slab-wise GST details 1. Go to Gateway of Tally > Inventory Info. > Stock Items > Alter > select the item. 2. Set/alter GST Details - Yes. 3. - Calculation type On Item Rate. The Tax on Item Rates screen appears. Consider additional expense/income ledger for slab rate calculation - Set this option to Yes when you want to o apportion additional expenses in slab rate calculation for a stock item. Under Rate, set the slab rates in Greater than and Up to. o Set the Tax Type and Integrated Tax Rate. The Central Tax Rate and State Tax Rate will get automatically o calculated. Press Ctrl+A to accept. o 4. Press Ctrl+A to accept the GST Details screen. 5. Save the details in the Stock Item Alteration screen.
1. In the Stock Item Alteration screen, enable Set/alter MRP details? 2. In the MRP Details screen: o Allow MRP modification in voucher? - Yes, if you want to modify the MRP during the transaction. o 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. o Enter the MRP Rate/Margin. Press Ctrl+A to accept. 3. In the Stock Item Alteration screen, press Enter to save. To enter state-wise MRP for the stock item 1. In the MRP Details screen, click F12: Configure. 2. Allow state-wise MRP? - Yes. 3. In the MRP Details screen: o Enter the Applicable From date. o Select the State Name from the List of States. o Enter the MRP Rate. o Press Ctrl+A to accept. 4. Press Enter to save. Setting slab-wise GST details (tax on item rate) To set slab-wise GST details 1. Go to Gateway of Tally > Inventory Info. > Stock Items > Alter > select the item. 2. Set/alter GST Details - Yes. 3. Calculation type - On Item Rate. The Tax on Item Rates screen appears. o Consider additional expense/income ledger for slab rate calculation - Set this option to Yes when you want to apportion additional expenses in slab rate calculation for a stock item. o Under Rate, set the slab rates in Greater than and Up to. o Set the Tax Type and Integrated Tax Rate. The Central Tax Rate and State Tax Rate will get automatically calculated. o Press Ctrl+A to accept. 4. Press Ctrl+A to accept the GST Details screen. 5. Save the details in the Stock Item Alteration screen.