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Configuring Excise Masters

Tally.ERP 9 facilitates defining excise details at different levels. This provides the convenience of applying tax rules at the highest level, which is the company level, as well as the flexibility to modify, override or define details at the lower levels , based on one's business requirement.

Excise Duty Rate

After migrating to release 5.0,  you can start recording invoices. If these are transactions that have statutory implications, then the required masters have to be configured. In most scenarios the business can define the tax rules in few minutes and start recording transactions.

I am dealing with stock items which have the same excise duty rate.

Most of the stock items that I deal with, fall under the same excise duty rate, but a few stock items attract a different VAT rate.

I am dealing with multiple stock items with multiple duty rates. The stock items can be classified into groups, such that each group has a common excise duty rate. For example, batteries, leather goods, confectionery, etc.

I am dealing with a wide variety of stock items with different duty rates. I prefer grouping the stock items based on my business requirement and not based on tax classifications.

Party Details


Stock Items

MRP Details

Duty Ledger

Tax ledger type

The Tax Rate Setup tool to easily update excise tariff rates for all stock groups and stock items after migration is available in Tally.ERP 9 release 5.1 onwards. Click here to know more.

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Configuring TCS Masters