https://help.tallysolutions.com/docs/te9rel63/Tax_India/VAT/Maharashtra/Stock_Items.htm

Creating Stock Items (Maharashtra)

Stock items are tradeable goods. You can create a stock item inventory master, and select the same in transactions. Stock items can be created with MRP applicable globally or for specific state.

To create a stock item

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

2. Enter the Name of the stock item.

3. Select the required group in the Under field.

Note: If the stock group is predefined with tax rate and commodity details, the same gets applied to the stock. If it is set to Primary , tax and commodity details specific to the stock item can be defined.

4. Select the required unit of measurement in Units field.

5. Set the option VAT Applicable to Applicable .

6. Enable the option Set/alter VAT details? if the item is not grouped under stock group predefined with tax details.

The Stock Item Creation screen appears as shown below:

7. Press Enter to save.

Setting MRP Details

To enable MRP feature in stock item master

1. Click F12: Configure in the Stock Item Creation screen. In the configuration screen,

o Enable the option Allow MRP/Marginal for stock items? .

o Press Ctrl+A to accept the Master Configuration screen.

2. Enable Set/alter MRP details? in the Stock Item Creation screen.

3. Set the option Allow MRP modification in voucher? to Yes , to enable altering the MRP rate while recording the voucher.

4. Enter the MRP Rate . The MRP Details screen appears as shown below:

5. Press Ctrl+A to accept the item master.

To enter MRP applicable on the stock item in different states

1. Click F12: Configure in MRP Details screen of stock item master.

2. Enter the Applicable From date.

3. Select the State Name from the List of States .

4. Enter the MRP Rate for each state.

The MRP Details screen appears as shown below:

5. Press Ctrl+A to accept.