Configuring Tax for Retail Items

To configure tax in the Retail Item Card:

1. Click the icon, enter Retail Item List and select the relevant link.
2. For each item, specify whether the price is inclusive or exclusive of tax. For example, if the item's price is inclusive of tax, enable the Price Inclusive of Tax toggle. This includes the tax amount in the unit price of the item.

   

3. For each item in the inventory, assign a GST Group Code based on their tax rates and an HSN/SAC Code to goods/services in the item and service master data.

   Note: You cannot have both VAT and GST calculations at the same item. Either the GST Group Code or VAT Prod. Posting Group must be left blank.

   During sales transactions, the POS uses the assigned GST Group Codes, and HSN/SAC Codes to determine the correct GST rates and apply them to the transaction.