To create a Stock Item:
Go to Gateway of Tally > Inventory Info. > Stock Items > Create
Enter the Name of the stock item
Select the group name in the Under field
Select the unit of measurement of the stock item in the Units field
Enter the Rate of Duty if any
Enter the Rate of VAT for the stock item
Set the option Is Supplementary Duty Applicable to Yes and press Enter key
The list of Supplementary Duty classifications will be displayed. Select the required Supplementary Duty classification, for e.g., Supplementary Duty @ 65% – On Goods
Press Enter to return to the stock item creation screen
Enter the Opening Balance if any
Accept the stock item master.
Note: The supplementary duty chargeable at prescribed rates on stock items can be predefined in the item master. To pre-define a supplementary duty classification set the option Is Supplementary Duty Applicable to Yes and select the required classification. However, Tally.ERP 9 also provides the flexibility to select the supplementary duty classification while invoicing for stock items in which this option is enabled.
'Stock Item (Bangladesh)' has been shared with