Creating Stock Groups (Gujarat)

To specify the VAT rate for the stock group

1. Set the Classification option in VAT Details screen to:

● Undefined if unique tax rate and commodity details have to be defined.

● 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. Enter the Tax Rate . If tax rate entered in more than 0, the Tax Type displays Taxable . If tax rate is 0, the Tax Type can be selected as Exempt or Tax Free .

To define commodity details and nature of goods

1. Click F12: Configure and set the following options to Yes :

● Enable Nature of Goods.

● Enable Commodity Details.

2. Accept the Configuration screen.

3. Select the Nature of Goods as Manufactured or Not Applicable as per requirement.

4. Press Ctrl+C (helper button) and select the Commodity Name .

5. Enter the Commodity Code .

6. Enter the tax rates.

7. Press Enter to save.