Rate Wise Tax Change in Item

Here are the steps for Rate wise Tax Change in Item. To learn more, you can also watch this RADIX Online tutorial video:

Rate wise Tax Change in Item

For Rate wise Tax Change in Item in Radix, first select the desired the company.

1. Go to Masters > Items > HSN/SAC Master.

2. HSN/SAC Master entry form will open. Select details here such as:

HSN/SAC - Enter the description of the HSN/SAC here.

Code - This field will be auto-generated. However, if you want you can change it.

Description - This field will be auto-generated. However, if you want you can change it.

HSN/SAC Code - Enter your 4 digit HSN/SAC code here.

Tax Group - Press F4 key and select the tax group from the list of options displayed. (For example 8%)

Type - Here, if you are creating HSN, then select HSN, otherwise for Services select SAC from the list of options displayed.

3. Go to 2 Advanced section. Enter other details here:

Apply Date - Enter the date from which tax should be applied on the item for this HSN/SAC.

From Rate To Rate - Enter the lower and upper limit value here. (For example 0 to 1000)

Notes - Press F4 button and enter remarks/information here, if any.

Attracts Reverse - Tick this option, if buyer is going to pay the tax, otherwise un-tick the check-box and proceed.

You can enter the fields you want and leave rest of the fields blank and proceed.

4. Once all the details have been entered, click on Save button. Your HSN/SAC will be created.

5. Repeat 2nd and 3rd steps and create same HSN Code with different tax group and different from and to rates. (For example 12% and (1001 to 10000))

6. Create a new item or edit an existing item and enter the HSN Code created here.

7. Create a new Sales Transaction, and select the item with this HSN Code.

8. Now, for all the items defined with this HSN/SAC code and having rate between 0 to 1000, 8% tax will be applied; for rates between 1001 to 10000, 12% tax will be applied.