Sales Inclusive of Tax

4. Select the stock item for which the option Is inclusive of duties and taxes? is enabled. The Stock Item Allocations screen is displayed.

To create stock item with inclusive of tax configuration

Enter the name of the stock item in the Name field.
Select the required stock group in the Under field.
Select unit of measurement in the Units field.
Select the option Applicable in the VAT Applicable field and enable the option Set/alter VAT details?.

Enter Tax Rate and select the option Taxable in the Tax Type field in VAT Details screen.
Press Ctrl+A to save.

● Select the Godown name and enter the Quantity to be sold. The Inclusive of Tax screen is displayed.

● Enter the tax inclusive rate for an unit of item in the Rate (Inclusive of Tax) field.

The rate before tax value for an unit of the item is displayed in the Rate field.

5. Select the common VAT ledger. Based on the VAT rate, amount will be automatically displayed.

Ledger must be grouped under Duties & Taxes with the following settings: