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Note: For ease of maintenance and appropriate use of tax rates, specify the rates at the level where you mark the goods as taxable. In case you need to specify a separate tax rate for a service in a specific transaction, you can do so, and the rate given during the transaction will get the highest priority. Note: For ease of maintenance and appropriate use of tax rates, specify the rates at the level where you mark the service as taxable.Ī similar order is applicable in the case of SAC. Then the rate defined at the ledger level will override the tax rates set at the company level or at the service ledger level. This helps in situations where a special tracking as per the nature of tax is required. You can specify tax rates at the sales or purchase ledger level, or at the ledger group level.
SALES ENTRY IN TALLY ERP 9 CODE
HSN CODE AND TAX RATE IN SALES PURCHASE TRANSACTION IN TALLY ERP 9 For the services, the rates specified at the service ledger level are applicable. Want to segregate sales or purchase of services with the same SAC and tax rateĬhange the tax rate (not SAC) during transactionĪfter defining a tax rate at the company level, if a few services attract a different rate, specify the rate in the service ledger. Want to apply the same SAC and tax rate for different transaction types At service ledger level for those services alone.Most of the services have the same SAC and tax rateĪ group of services have the same SAC and tax rate HSN CODE AND TAX RATE IN SALES PURCHASE TRANSACTION IN TALLY ERP 9 Order in which SAC and tax rate are applied for servicesīased on your business requirements, you can provide SAC and tax rate at different levels. In case you need to specify a separate tax rate for an item in a specific transaction, you can do so, and the rate specified during the transaction will get the highest priority. HSN CODE AND TAX RATE IN SALES PURCHASE TRANSACTION IN TALLY ERP 9Ī similar order is applicable in the case of HSN codes. Note: For ease of maintenance and appropriate use of tax rates, specify the rates at the level where you mark the goods as taxable. Want to segregate sales or purchase of items with the same HSN code and tax rateĬhange the tax rate (not HSN code) during transaction At sales/purchase ledger group level for all items.Want to apply the same HSN code and tax rate for different transaction types At stock item level for the items with different HSN code and tax rate.At stock group level only for the set with different HSN and tax rateĪ few items have different HSN codes and tax rates.Most of the goods have the same HSN code and tax rateĪ group of items have the same HSN code and tax rate To know more about managing HSN/SAC, watch the following video: Order in which HSN code and tax rate are applied for goodsīased on your business requirements, you can provide HSN codes and tax rates at different levels. If HSN code/SAC and tax rate are specified at stock item level and only HSN code/SAC is specified at accounting ledger/group level, tax will not be calculated while recording the invoice. In case you have specified these at different levels, you can remove it. It is recommended that HSN code/SAC and tax rate should be specified at the same level.
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This is a flexibility provided for ease of use to accommodate your business needs.
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You can specify HSN code/SAC details and tax rates at different levels for the goods or service provided by your business. HSN CODE AND TAX RATE IN SALES PURCHASE TRANSACTION IN TALLY ERP 9 Managing HSN Codes/SAC and Tax Rates