Calculation of GST Based on Price Range or Cess on Quantity

You can define the percentage of GST for a particular price range, or the cess amount per unit, in the stock item master. These rates will get applied while recording the purchase or sale of the stock items.

Defining the GST rates based on slab rate or price range

Defining cess amount based 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 NameUnder, and Units.

3.    Set the option GST Applicable to Applicable.

4.    Enable the option Set/alter GST Details? to open GST Details screen.

o     Specify the Description and HSN/SAC.

o     Select On Item Rate as the Calculation Type. Enter the price range under Rate, and the percentage of Integrated Tax Rate.

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

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

To record a sales invoice for a stock item configured with GST on price range

1.    Go to Gateway of Tally > Accounting Vouchers > F8: Sales.

2.    If you are selling the same stock item at a different price per unit depending on the stock available, you can select the same stock item twice in the invoice and enter the applicable rate per unit.

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3.    Select the GST ledgers. The taxes are calculated based on the price range defined in the stock item master.

4.    Click A: Tax Analysis.

5.    In the Tax Analysis screen, click F1: Detailed to view the tax break-up for the stock items selected in the invoice.

6.    Press Esc to return to the sales invoice.

7.    Press Ctrl+A to save.

Tax rate calculation for change in rate slab

If the rate slab of your stock items changes due to any applicable discounts, you can override the tax rates at the transaction level. To override tax rate defined for the stock items, in the invoice

1.    Press F12: Configure, and set

o     Use common ledger account for item allocation – No

o     Allow modification of tax details for GST? – Yes

Note: Retain Use common ledger account for item allocation as Yes, if you want to set a common tax rate for all the stock items selected at the invoice level.

2.    On selecting the stock item, in the Tax Classification Details screen , set F12: Configure > Override tax rate – Yes, and press Enter.

3.    Enter the tax rate applicable based on the rate slab of the stock item.

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 NameUnder, 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

o     Specify the Description and HSN/SAC.

o     Set the Calculation Type as On Value.

o     Set the Valuation Type of Cess as Based on Quantity, and enter the Rate per unit.

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

7.    Press Ctrl+A to accept.

To record a sales invoice for a stock item configured with cess amount charged per unit

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1.    Go to Gateway of Tally > Accounting Vouchers > F8: Sales.

2.    Select the GST ledgers. The taxes are calculated based on the rates defined in the stock item master.

3.    Select the cess ledger. The cess is calculated based on the rate per unit defined in the stock item master.

4.    Click A: Tax Analysis.

5.    In the Tax Analysis screen, click F1: Detailed to view the tax break-up for the stock items selected in the invoice.

6.    Press Esc to return to the sales invoice.

7.    Press Ctrl+A to save.

Calculation of GST Based on Price Range or Cess on Quantity
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