Creating Stock Item with Service Tax Details

To create stock item with service tax details, enable statutory option for stock items in the company's F11: Features > Statutory & Taxation.

To create stock item

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

2.     Enter Name for the stock item.

3.     Select group in the field Under.

4.     Select Units for the stock item.

5.     Enable Set/alter service tax details? to view the Service Tax Details screen.

6.     Press Enter to save.

Click the links below for more configurations:

Recording service code and sub-clause number

Recording abatement details