To specify the VAT rate for the stock group
1. Set the Classification option in VAT Details screen to:
o Undefined if unique tax rate and commodity details have to be defined.
Or
o Any of the user-defined Classification . Once it is applied, rest of the options will disappear and cursor returns to Stock Group Creation screen. Click here to view the detailed procedure of creating VAT Classifications .
2. Click F12: Configure to configure additional details.
In the Configuration screen,
● Enable the following options to Yes :
o Set type of goods
o Provide commodity details
o Provide schedule details
● Press Enter to save.
3. Select the required Type of Goods .
4. Enter the Commodity name and Commodity code .
5. Enter the Tax rate .
6. Select the required Schedule .
The VAT Details screen appears as shown below:
7. Press Enter , and return to the Stock Group Creation screen.
Note: Commodity details can be provided by enabling the option from F12: Configure .
