1. Click Masters.
2. Select Item Master.
3. Enter Item Name, Item Code, HSN code, Item Category. Select Service or Goods.
4. Add Item Rate, Cess Rate, Tax Rate and Unit
5. Select Item Category.
Under GST taxation, all goods or services fall under fourGST CATEGORIES. They areNon GST, Nil Rated Goods, Exempted Goods and Others.
Non-GST Goods are Petroleum, Crude, Motor Spirit (Petrol), High Speed Diesel, Natural Gas, Aviation Turbine Fuel, Alcoholic liquor for human consumption and Electricity.
Nil-Rated Goods are those which attract 0% GST. Ex- Milk, Unprocessed fruits and vegetables.
Exempted Goods are those which are not charged with GST under the GST Act.
All Goods or Services which do not fall under the above categories fall in Others category.
6. You can select if an Input Tax Credit can be claimed for the given item through the checkbox “Is Credit Available?”
7. Click Save.
NOTE : You can view details that you have entered in the GRID provided.
NOTE: Data can be modified and to save the modified data, click SAVE.
Note: Select the item in the grid and click DELETE to delete the items which you may not need further.
Items entered here will reflect further while you enter Invoices, Credit / Debit note, Etc.