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A new GSTR-2B API is applicable from 14th Nov 2024, which affects auto-reconciliation of GSTR-2B for Oct-24. Stay tuned for our upcoming release, TallyPrime 5.1, which supports this and makes reconciliation even smoother.
https://help.tallysolutions.com/docs/te9rel63/Tax_India/Excise_Mfg/Configurations_for_Creating_Masters.htm

Configuring Masters (Excise for Manufacturer)

Various masters used in recording excise manufacturer transactions can be configured to meet your business requirement.

Configuring Selection of Tariff Type

To configure selection of tariff type

1. Press F12: Configure in the Excise Tariff Details screen.

2. Set the option Enable selection of Tariff Type? to Yes .

3. Press Ctrl+A to accept.

You can now select the Type of Tariff in the Excise Tariff Details screen.

Calculating Duty Based on MRP

To configure calculation of tax based on MRP

1. Press F12: Configure in the Excise Tariff Details screen.

2. Set the option Enable tax based on MRP? to Yes .

3. Press Ctrl+A to accept.

4. Enable the option Calculate Duty on MRP in the Excise classification creation screen.

5. Enter the Abatement % , as required.

Note: If the option Calc Duty on MRP? is set to No , then the cursor skips the field Abatement% .

Selecting Multiple Duty Details

When an excise stock item attracts multiple duties, the details for each type of duty can be defined in the tariff.

To define multiple duty details

1. Press F12: Configure in the Excise Tariff Details screen.

2. Enable the option Enable Multi Selection of Duty Details .

3. Enable this option Override Valuation Type for Duty Head to change the Valuation Type which is preset for the tariff.

4. Enable the option Allow Notification Details , if required.

Note: If the option Allow Multi Selection of Duty Details is set to No , then the cursor skips the fields Override Valuation Type for Duty Head and Allow Notification Details .

5. Press Ctrl+A to accept.

6. Select the Type of Duty and set the Valuation Type , Rate and Notification details.

Valuation Type

Calculate duty based on

Basis of Calculation

Ad Valorem

Value

Rate%

Ad Quantum

Quantity

Rate per unit

Valorem + Quantum

Combination value and quantity

Rate% and Rate per unit

7. Press Enter to save.

8. Select the Type of Duty and define duty details.

Configuring Modification of Nature of Removal

Based on the state specified in the party's address, the nature of purchase is selected. For example , if the party's state is the same as the company's, the nature of purchase is by default set to Domestic. The default nature of purchase can be modified by the user when required.

To configure modification of nature of removal

1. Press F12: Configure in the Excise Details screen.

2. Set the option Enable Nature of Removal? to Yes in the Configuration screen.

3. Press Ctrl+A to accept.

4. Select the Nature of Removal , as required in the Excise Details screen.

Note: The option Allow Nature of Removal is enabled by default.

Recording the Excise Registration Details

To Record the Registration Details in a Party Ledger

1. Press F12: Configure in the Excise Details screen.

2. Set the option Allow Registration Details? to Yes in the Configuration screen.

3. Set the option Allow Importer's ECC? to Yes if the party is an importer.

4. Press Ctrl+A to accept.

5. Enter the Registration Info. of the party.

Defining Excise Details Based on the Date of Applicability

To define excise details based on the date of applicability

1. Click L : Details in the Excise Details screen. The Excise Tariff Details screen appears.

2. Enter the date from which the excise details are applicable.

3. Enter the Tariff name for which the excise details are being recorded.

4. Enter the HSN c ode .

5. Select the Reporting unit of measure .

6. Select the required Type of tariff. If the Type of tariff selected is Non-Dutiable , then enter details for the next period.

7. If the Type of tariff is Dutiable , then select required Valuation type .

8. Enable the option Calculate duty on MRP? , if the duty has to be calculated on the MRP value.

9. Enter the Abatement % , as required.

Note: If the option Calculate duty on MRP? is set to No , then the cursor skips the field Abatement%

10. Enable Set/alter duty details to enter Excise Tariff Duty Details .

11. Press Enter to save.

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