You can define the VAT classification and enter the details of commodity as per your business requirement.
To create a user defined classification
1. Go to Gateway of Tally > Accounts Info. > Statutory Info. > VAT Classifications > Create .
2. Enter the Name of the new classification.
3. Enter the applicability dates with the corresponding tax rates in Applicable From and Tax rate columns, respectively.
The Stat Classification Creation screen appears as shown below:
Note: Click L : Details to view the VAT Rate Details screen, and to specify different VAT rates with separate Applicable From dates.
4. Press Enter to save.
To enter the commodity details in the Stat Classification Creation
1. Click F12: Configure in the Stat Classification Creation screen. The Configuration screen appears.
2. Select the required Nature of Transaction .
3. Select the Major Commodity , Commodity Name using Ctrl+C: Helper button.
The Stat Classification Creation screen appears as shown below:
4. Press Enter to save.