Configuring Stock Item

You can configure the stock item as petrol and diesel and enter the details accordingly.

To configure the stock item as petrol and diesel

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

2. Enter the Name of the stock item.

3. Select the Units .

4. Set the option VAT Applicable to Applicable .

5. Enable the option Set/Alter VAT details to Yes . In the VAT Details screen,

o Press Ctrl+C in Trade name option and select PETROLEUM AND PETROLEUM PRODUCTS .

o Select Commodity name as PETROL or DIESEL .

o Enter the other relevant details.

o Press Ctrl+A to save.

6. Press Ctrl+A to save.