Tax Rate Setup for VAT and Excise

To view the Excise Tariff Setup tool

●      Go to Gateway of Tally > Inventory Info. > Tax Rate Setup > Excise or,

●      Go to Gateway of Tally > Display > Statutory Reports > Excise Reports > Tax Rate Setup.

The Excise Tariff Setup screen appears as shown below:

●      Click F1: Detailed to view the stock items under each group. The Excise Tariff Setup screen in detailed mode appears as shown below:

Excise tariff details specified at the company, stock group or stock item levels after migration are displayed.

●      Applicable From: Displays the dates entered, from which the tariff rates are applicable.

●      Tariff Rate: Displays the tariff rates specified.

●      HSN Code: Displays the HSN code of the stock item.

●      Reporting UoM: Displays the UoM of the stock item.

●      Valuation Type: Displays the valuation type of the stock item.

To view the VAT Rate Setup tool

●      Go to Gateway of Tally > Inventory Info. > Tax Rate Setup > VAT or,

Go to Gateway of Tally > Display > Statutory Reports > VAT > Tax Rate Setup.

The VAT Rate Setup screen appears as shown below:

●      Click F1: Detailed to view the stock items under each group. The VAT Rate Setup screen in detailed mode appears as shown below:

VAT rate details specified at the company, stock group or stock item levels after migration are displayed.

●     Applicable From: Displays the dates entered, from which the VAT rates are applicable.

●     Tax Rate: Displays the tax rates specified.

●     Addl.Tax Rate: Displays the additional tax rates specified.

Note: Additional tax, cess or surcharge appears for different states as applicable.

●     Commodity Name: Displays the commodity name of items used in transactions.

●     Commodity Code: Displays the commodity code of items used in transactions.