The excise duty defined at the company level, stock group level, ledger level and stock item level can be changed or altered in the respective level.
To change the excise rate of duty at the company level
1. Go to Gateway of Tally > F11: Features > Statutory & Taxation .
2. Set the option Enable excise to Yes .
3. Enable the option Set/alter excise details .
4. Enable Set/alter excise tariff details .
o Click L : Details .
o Enter the tariff details for the required applicable period.
o Set the option Set/Alter Duty Details? to Yes and provide the duty details.
o Press Enter to save the Excise Tariff Duty Details screen.
o Press Ctrl+A to accept the Excise Tariff Details screen.
o Press Enter to save.
To change the excise rate of duty at the stock group level
1. Go to Gateway of Tally > Inventory Info. > Stock Groups > Alter .
2. Select the required group.
3. Enable the option Set/alter excise details .
o Click L : Details .
o Enter the tariff details for the required applicable period.
o Set the option Set/Alter Duty Details? to Yes and provide the duty details.
o Press Enter to save the Excise Tariff Duty Details screen.
o Press Ctrl+A to accept the Excise Tariff Details screen.
o Press Enter to save.
4. Press Enter to save the Stock Group Alteration screen.
To change the excise rate of duty at the stock item level
1. Go to Gateway of Tally > Inventory Info. > Stock Item > Alter .
2. Select the required stock item
3. Enable the option Set/alter excise details .
o Click L : Details .
o Enter the tariff details for the required applicable period.
o Set the option Set/Alter Duty Details? to Yes and provide the duty details.
o Press Enter to save the Excise Tariff Duty Details screen.
o Press Ctrl+A to accept the Excise Tariff Details screen.
4. Press Enter to save the Stock Item Alteration screen.
To change the excise rate of duty at the ledger level
1. Go to Gateway of Tally > Accounts Info. > Ledger > Alter
2. Select the required ledger purchase, sales or tax ledger.
3. Enable the option Set/alter excise details .
o Click L : Details .
o Enter the tariff details for the required applicable period.
o Set the option Set/Alter Duty Details? to Yes and provide the duty details.
o Press Enter to save the Excise Tariff Duty Details screen.
o Press Ctrl+A to accept the Excise Tariff Details screen.
o Press Enter to save.
4. Press Enter to save the Ledger Alteration screen.