Creating Stock Groups (Andhra Pradesh)

Create stock groups for classifying items based on common features. You can also apply a common tax rate for all items in a stock group.

To create a stock group

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

2. Enter the Name of the stock group.

3. Select the required group from the option Under .

4. Enable the option Set/alter VAT details to view the VAT Details screen.

5. Enter the relevant details in the VAT Details screen.

The Stock Group Creation screen appears as shown below:

6. Press Enter to save.

Setting MRP details

To enable the MRP feature while creating a stock item

1. Click F12: Configure in Stock Item Creation screen.

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

3. Set the option Allow MRP modification in voucher to Yes , if you want to alter 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.

T o enter MRP applicable on the stock item in different states

1. Click F12: Configure in MRP Details screen of the 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.

5. Press Ctrl+A to accept.