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Stock Group in TallyPrime (VAT)

You can create stock groups in TallyPrime for classifying items based on common features. You can also apply a common tax rate for all items in a stock group.

To create stock group in TallyPrime for VAT, follow the steps given below.

  1. Gateway of Tally > Create > type or select Stock Group > and press Enter.
    Alternatively, press Alt+G (Go To) >Create Master > type or select Stock Group > and press Enter.
  2. Enter the Name of the stock group.
  3. Select the required group in the Under field.
  4. Enable the option Set/alter VAT details to view the VAT Details screen.
  5. Press F12 (Configure) > set the option Set VAT details as Yes.
    If you do not see this option:
    • Set Show more configurations to Yes.
    • Set Show all configurations to Yes.
  6. In the VAT Details screen, set the option Classification to:
    • Undefined if unique tax rate and commodity details have to be defined.
    • Any of the user-defined VAT Classification.
      Note: Once applied, the other options disappear and cursor returns to the Stock Group Creation screen.
    • Enter the Tax rate.
    • Select the Tax type. The VAT Details screen appears as shown below:
      VAT Rate Details While Creating Stock Group in TallyPrime
      Note: For Uttarakhand VAT, tax rate on quantity is not supported.
  7. Press Ctrl+A to accept, and return to the Stock Group Creation screen.ย The Stock Group Creation screen appears as shown below:
    Stock Group in TallyPrime
  8. Accept the screen. As always, you can press Ctrl+A to save.

Click here for options provided in the stock group master as per state specific requirements of VAT/CST returns and annexures.

Stock Group Creation for Uttarakhand VAT

In the Stock Group Creation screen of the company enabled for Uttarakhand VAT, an additional option Set/alter sales tax cess appears as shown below, if sales tax cess feature is enabled in the Company Feature Alteration screen:

Stock Group with Set/alter sales tax cess set to Yes for Uttarakhand in TallyPrime

Set the rate of cess in the Sales Tax Cess screen and press Enter to save.

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