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Defining Service Tax Rate at Stock Item or Group Level

 When the service tax details are defined in the stock item/group level, the service tax rate, if defined at the company or master level will be over-ridden.

To define service tax details

1.    Go to Gateway of Tally > F11: Features > Statutory & Taxation.

2.    Set Enable service tax? to Yes.

3.    Set the option Set/alter service tax details? to Yes. The Service Tax Details screen appears.

4.    Set Enable service tax details for stock groups/items? to Yes to enable service tax details in the stock item/group level.

5.    Press Enter to save.

For step-by-step produce to create a stock item with service tax details, refer Creating Stock Item and Creating Stock Group.

See Also

Defining Service Tax Rate at Company Level

Defining Service Tax Rate at Ledger Level

Defining Service Tax Rate at Group Level

Defining Service Tax in Voucher Type