Date Wise Tax Change in Item

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

Date wise Tax Change in Item

For Date wise Tax Change in Item in Rely, first select the desired the company.

1. Go to Master > Others > HSN/SAC and press Enter key.

2. Select Details here such as:

Type of Supply - Select Goods here and press Enter key.

Code - Enter HSN code here.

Tax Group - Press Enter key and select the tax group from here. (For example 5%)

Name - Enter the HSN name here.

Applied Date - Enter the date here. (For example 01/07/2017)

3. Press Enter key and in 'Do you Confirm?', select Yes option and press Enter key.

4. Follow step 2 and 3 and create same HSN Code with different tax group and different applied date. (For example 12% and 01/01/2021)

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

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

7. Now, for all the invoices dated between 01/07/2017 till 31/12/2020, 5% tax will be applied and for all the invoices dated after 01/01/2021, 12% tax will be applied.