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.

To 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.