To create a user defined classification
1. Go to Gateway of Tally > Accounts Info. > Statutory Info. > VAT Classifications > Create.
2. Enter the Name of the new classification.
3. Enter the applicability dates with the corresponding tax rates in Applicable From, Commodity Name, Commodity Code, Schedule, and Tax Rate columns, respectively.
4. Press Enter to save.
To enter the commodity details in the Stat Classification Creation
1. Click F12: Configure in the Stat Classification Creation screen. The Configuration screen appears.
● Set the options Enable nature of transaction? and Provide commodity details? and Provide schedule details? to Yes.
● Accept the Configuration screen.
2. Select the required Nature of Transaction.
3. Enter the Commodity Name and Commodity Code using Ctrl+C: Helper button. The Stat Classification Creation screen appears as shown below:
4. Press Enter to save.
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