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I : Stock Item :Procedure to Quick Setup : Excise for Dealer  in Tally.ERP 9

To create Stock Item press Alt+I or select the option I: Stock Item and press Enter to view Stock Items Setup screen.

In Stock Items Setup screen

  1. Enter the name of the Stock Item e.g. Hot Rolled Coil in the Name of Item field.

  2. Select the Group Name e.g. Primary in the Under field.

  3. In Tariff Classification field select the applicable tariff classification e.g. Coils from the List of Tariff Classifications


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  1. Select the unit of measurement of stock item e.g. Kg in Units field (Use Alt +C to create Unit of Measurement).

  2. In Opening Stock field specify opening stock of the stock item

  3. In Rate field specify the rate of the opening stock, if any. Amount will be calculated and displayed automatically.

  4. Enable the option Set/Alter Excise Details to Yes to view Excise Details screen.

  1. In Excise Details Screen

  2. Excise Unit Name: By default Tally.ERP 9 displays ABC Company as Excise Unit Name.

Note: In Tally.ERP 9 excise units (Dealer/manufacturer) created  are identified as godowns. When the option Maintain Multiple Godowns/Excise Units is not enabled in F11: Features > Inventory Features (F2) by default Tally.ERP 9 identifies the excise unit name with the Default Godown named - Main Location

  • Reporting UOM: By default the unit of Measurement selected under Units will be considered as UOM for all the reports.

  • Set/Alter Duty Details: Set this field to Yes to view the Excise Duty Details screen.


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  1. In Excise Duty Details screen

  2. In Type of Duty filed select Basic Excise Duty from the List of  Excise Duty classifications

  3. In Applicable From field mention the Date from when the specified Rate of Duty is applicable

  4. Specify the Rate of Duty as 10%

  5. Method of Calculation – Assessable Value will be defaulted automatically based on the Type of Duty selected.

  6. In Type of Duty filed select Education Cess from the List of  Excise Duty classifications

  7. In Applicable From field mention the Date from when the specified Rate of Duty is applicable

  8. Specify the Rate of Duty as 2%

  9. Method of Calculation – On Duty Value will be defaulted automatically based on the Type of Duty selected.

  10. In Type of Duty filed select Secondary Education Cess from the List of  Excise Duty classifications.

  11. In Applicable From field mention the Date from when the specified Rate of Duty is applicable

  12. Specify the Rate of Duty  as 1%

  13. Method of Calculation – On Duty Value will be defaulted automatically based on the Type of Duty selected


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  • Press enter to save the Excise Duty details.


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Note: You can create multiple stock items from Multi Stock Item Alteration screen.

  1. Press Enter to save.

Note: You can also create Stock Item from Gateway of Tally > Inventory Info. > Stock Items

 
 
 
Tally.ERP 9 Reference Manual LIBRARY
1.
Installation of Tally.ERP9
2.
Site Licensing of Tally.ERP9
3.
Shortcut Keys in Tally.ERP9
4.
Maintaining Company Data
5.
Creating Masters
5a. Accounts Information [Creating Masters]
5b. Inventory Information [Creating Masters]
6.
Voucher Entry
7.
Reports in Tally.ERP9
8.
Excise for Dealer
9.
Excise for Manufacturer
10.
Reports [ Excise for Manufacturer]
11.
Excise for Importer
12.
Service Tax in Tally.ERP9
13.
Tax Collected at Source (TCS) in Tally.ERP9
14.
Tax Deducted at Source (TDS) in Tally.ERP9
15.
Value Added Tax (VAT) in Tally.ERP9
16.
Central Sales Tax (CST) in Tally.ERP9
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
 
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