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Set Up Stock Items in Tally e-Billing

Create stock items in Tally e-Billing to manage inventory and define details such as units of measurement, HSN/SAC codes, VAT rates, and other applicable information.

1. From Gateway > click Chart of Accounts > click Inventory Masters > and then click Stock Item.
2. In the Stock Item screen, click Create.
3. In the New Stock Item screen, enter the Name of the stock and Alias, if any.
4. Enter the Basic Info.
   
   
   1. Under: Select the appropriate stock group for the stock item.
   2. Units: Select the required unit of measurement.
   3. Alternate Unit: Select an alternate unit if you want to track the stock item using a secondary unit.
   4. Item Type: Select Goods or Services.
5. Enter the Statutory Details.
   
   
   1. HSN/SAC Code: Enter the HSN/SAC code of the stock item.
   2. VAT (%): Enter the applicable VAT rate.
   3. Select the applicable Date.
6. Enter the Opening Balance and select the as on date of the balance.
7. Enable and update Additional Details.
   
   
   1. Enter the Description, if any.
   2. Enter the Selling Price and Cost Price, along with the applicable Date.
8. Enable Excise, if applicable, and enter the relevant details.
   
   
   1. Excise Type: Select Ad-valorem (Percentage) or Specific (Per Unit).
   2. Enter the Excise Rate (%) and applicable Date.
9. Set the stock item Behaviour as required.
   
   
   1. To record transactions with negative stock, enable Allow Negative Stock.
   2. To treat your sales as newly manufactured items, enable Treat sales as new manufacture.
   3. To consume your purchases immediately, enable Treat purchases as consumed.
10. Click Save.