Creating Stock Group

To create a new 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 Under.

4. Enable the option Set/alter VAT details.

To specify the VAT rate for the stock group

• Select the required classification from the list of predefined classifications, or set it to Not Applicable. If required create the classification as per the procedure given in Creating Classifications.

• Click F12: Configure and enable Allow commodity details.

• Enter the Commodity Name, Commodity Code and Sub Commodity Code.

• Enter the Tax Rate.

5. Press Enter to save.

6. Press Enter to save the Stock Group Creation screen.