If the items you sell have different tax rates, update your stock item masters or stock groups with the applicable GST rates, and select the type of supply, as applicable.
In case you need different tax rates for different items, modify the stock items to include the applicable tax rates.
To update a stock item
1. Go to Gateway of Tally > Inventory Info. > Stock Items > Alter > select the item.
2. Set/alter GST Details: Yes to specify the details in the GST Details screen, and save.
Taxability: Select Taxable for goods and services that are classified as taxable type of supply under GST. Select Exempt, if the type of supply is exempted from tax under GST, or select Nil Rated, if the tax rate applicable to the type of supply is 0% under GST.
Integrated Tax: When you enter the integrated tax, state tax and central tax are calculated as half of the integrated tax specified. You can change state tax or central tax, and manage other GST details by using F12 configuration.
Note: If you have modified the tax rates before, press Alt + L to view the history of tax rate changes.
3. Select the Type of supply.
4. Press Ctrl + A to save.
The type of supply selected for a stock item is applicable only for that item. If multiple items with varying type of supply configuration are selected in an item, the type of supply configured for one item is not inferred for another.
In case you need the same tax rates for the items in a stock group, modify the group to include tax applicability and rates.
To update a stock group
1. Go to Gateway of Tally > Inventory Info. > Stock Groups > Alter > select the group.
2. Set/alter GST Details: Yes to specify the details in the GST Details screen, and save.
Taxability: Select Taxable for goods and services that are classified as taxable type of supply under GST. Select Exempt, if the type of supply is exempted from tax under GST, or select Nil Rated, if the tax rate applicable to the type of supply is 0% under GST.
Integrated Tax: When you enter the integrated tax, state tax and central tax are calculated as half of the integrated tax specified. You can change state tax or central tax by using F12 configuration.
3. Press Ctrl + A to save.
Some goods such as petroleum crude, high-speed diesel, motor spirit (petrol), natural gas, aviation turbine fuel and liquor fit for human consumption, are not covered under GST and hence are classified as non-GST goods. In Tally.ERP 9 items can be set as non-GST goods.
To set an item as non-GST good
1. In the GST Details screen of the stock item or stock group, click F12: Configure.
2. Enable the option Set type of goods?
3. Press Ctrl+A to accept.
4. In the GST Details screen, set the option Is non-GST goods? to Yes to configure the item/group as non-gst.
5. Press Ctrl+A to accept.
6. Save the item or group master.
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