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Creating Stock Item with Service Tax Details

To create stock item with service tax details, enable statutory option for stock items in the company's F11: Features > Statutory & Taxation.

To create stock item

1.    Go to Gateway of Tally > Inventory Info. > Stock Item > Create.

2.    Enter Name for the stock item.

3.    Select group in the field Under.

4.    Select Units for the stock item.

5.    Enable Set/alter service tax details? to view the Service Tax Details screen.

6.    Press Enter to save.

See Also

Creating Stock Group

Recording service code and sub-clause number

Recording abatement details