Scenario: I have different stock groups in my company. I want to configure a common VAT rate for all the items in a particular stock group. Do I need to set the VAT rate in each item configuration?
No, VAT rates can be configured at stock group level also.
To do this,
Go to Inventory Info > Stock Groups > Alter . Make Set/Alter VAT details as Yes.
In Tax Rate field, enter the VAT rate applicable for the stock group as shown below-
Enter the date from when this VAT rate is applicable in Applicable From field and accept the configurations.
