Creating Stock Groups (Delhi)

You can create stock groups and set if the VAT is applicable for the stock groups. You can also set the MRP in the stock group master along with state-wise rates for the groups.

To specify the VAT rate for the stock group in the VAT Details screen

1. Set the option Classification to:

o Undefined if unique tax rate and commodity details have to be defined.

o Any of the user-defined classification. Once applied, the other options disappear and cursor returns to Stock Group Creation screen. Click here to view the detailed procedure of creating VAT Classifications.

2. Enter the Tax rate.

3. Select the Tax type.

4. Click F12: Configure to configure additional details. The VAT Details screen appears as shown below:

5. Press Ctrl+A to accept, and return to the Stock Group Creation screen.