Month: March 2025
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Order: HSN Code & Tax Rate Are Applied for Goods in TallyPrime
TallyPrime follows a structured hierarchy to determine the HSN Code and GST Rate applicable to goods. If GST details are specified at multiple levels, TallyPrime prioritizes the most specific level first. 1. Hierarchy of HSN Code & GST Rate Application in TallyPrime The order in which HSN Code and GST Rate are applied to goods…
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Specify GST Rate Details for Masters in TallyPrime: 5 Easy Steps
Setting up GST rate details correctly in TallyPrime ensures accurate tax calculations for sales and purchase transactions. You can specify GST rate details at different levels, such as Stock Items, Stock Groups, Accounting Groups, Sales/Purchase Ledgers, and GST Classifications. 1. Why Specify GST Rate Details in TallyPrime? 2. Specify GST Rate Details for Different Masters…