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Calculation of GST based on price range or cess on quantity

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Calculation of GST based on price range or cess on quantity

Defining the GST rate based on slab rate or price range

To configure a stock item for GST calculation based on the slab rate or price range

  1. Go to Gateway of Tally > Inventory Info. > Stock Items > Create or Alter.
  2. Specify the required details in fields Name, Under, and Units.
  3. Set the option GST Applicable to Applicable.
  4. Enable the option Set/alter GST Details? to open GST Details screen.
  • Specify the Description and HSN/SAC.
  • Select On Item Rate as the Calculation Type. Enter the price range under Rate, and the percentage of Integrated Tax Rate.

  • Press Ctrl+A to accept, and return to the GST Details screen.

     5.Press Ctrl+A to accept the Stock Item Creation screen.

 

Defining cess amount based on quantity

To configure a stock item for calculating cess based on quantity

  1. Go to Gateway of Tally > Inventory Info. > Stock Items > Create or Alter.
  2. Specify the required details in fields Name, Under, and Units.
  3. Set the option GST Applicable to Applicable.
  4. Enable the option Set/alter GST Details? to open GST Details screen.
  5. Click F12: Configure and set the option Select valuation type? to Yes, and accept the Configuration screen.
  6. In the GST Details screen
    • Specify the Description and HSN/SAC.
    • Set the Calculation Type as On Value.
    • Set the Valuation Type of Cess as Based on Quantity, and enter the Rate per unit.

    • Press Enter to save, and return to the Stock Item Creation screen.

     7.Press Ctrl+A to accept.

 

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