On this page:
Changing the stock group of a stock item
Viewing complete details of a tariff
To set excise tariffs
1. Go to the Excise Tariff Setup screen.
o Go to Gateway of Tally > Inventory Info. > Tax Rate Setup > Excise or,
o Go to Gateway of Tally > Display > Statutory Reports > Excise Reports > Tax Rate Setup.
The Excise Tariff Setup screen appears as shown below:
2. Select a single, or multiple stock groups or stock items.
3. Click S: Set Rate to view the Excise Tariff Details screen.
Note: If a stock group is suffixed by * (i.e. the stock items grouped therein have different tariff rates), a single tariff rate cannot be set for this stock group. In this case, a sub group can be created for all the stock items having the same tariff rate or tariff can be set at item level.
4. Click F12: Configure to set other tariff details.
To enter other tariff details
1. Press F12: Configure in the Excise Tariff Details screen.
2. Enable the following options as required.
o Enable selection of Tariff Type?
o Override Valuation Type for Duty Head?
3. Press Enter.
5. Click L: Details to view all tariffs set for the stock item. Different tariffs with their Applicable From date can also be specified.
To specify different dates from which various tariffs would be applicable
1. Press L: Details.
2. Enter the Applicable from date.
3. Enter Tariff name.
4. Enter HSN code.
5. Select the Reporting UoM.
6. Select the Type of tariff.
7. Enable Calculate Duty on MRP? column to Yes or No, as required.
Set this field to Yes to specify Abatement Rate.
8. Set the field under Set/Alter Duty Details? to Yes or No, as required. The Excise Tariff Details screen is displayed as shown below:
To specify details of the new tariff
1. Select Duty Head.
2. Select the Valuation Type.
Select Ad Quantum to specify Rate Per Unit.
Select Ad Valorem to specify the percentage of rate.
Select Valorem + Quantum to specify Rate Per Unit and the percentage of rate.
3. Enter Notification No.
4. Enter Notification Serial No. The Excise Tariff Duty Details screen appears as shown below:
5. Press Ctrl+A to save the screen.
9. Press Ctrl+A to save the screen.
Note: Tariff details are displayed automatically in the Excise Tariff Details screen if information is specified by pressing L: Details.
6. Enter the Applicable date.
7. Enter Tariff name.
8. Enter HSN code.
9. Select Reporting UoM. The cursor skips the Types of tariff and Valuation type field.
10. Press Backspace to modify the Valuation type, if required.
11. Select Type of Duty.
12. Enter the Rate % or Rate per Unit.
The Excise Tariff Details screen appears as shown below:
13. Press Ctrl+A to save tariff details.
The Excise Tariff Setup screen with all tariff details set for a stock item, appears as shown below:
Note: If tariff rate is set at stock group level, the same rate gets inferred to all the stock items grouped therein. The inferred rates appear in brackets in Current Tariff Configuration column.
To change the stock group of a stock item
1. Press T: Alter Group in the Excise Tariff Setup screen. The Alter Stock Group for Selected Item(s) screen displayed after pressing T: Alter Group appears as shown below:
2. Select a stock group to move the stock item.
Note: Select a stock group in the Excise Tariff Setup screen. Press Alt+C to create a new stock sub-group under any of the existing groups. Stock items can be moved to the new sub-group. This makes it easy to group stock items with the same excise tariffs. Any tariff changes can be applied to the whole sub-group without having to change them manually for each stock item.
To view complete details of a tariff
● Press F: Full Tariff Details in the Excise Tariff Setup screen. The Tariff Details screen appears as shown below:
Note: The F: Full Tariff Details button is active only when the cursor is placed on a row with tariff details and not when it is placed on group name or item name.
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