How to change product tax and how to update product tax on lot in SwilERP (RetailGraph)
Introduction
Taxes are termed compulsory contributions made by individuals or corporations falling under the tax slab to the Government of India. The government’s authority to levy tax in our country is drawn from the Constitution of India, which deals with the supremacy to levy taxes to the State and Central governments.
In RetailGraph, you have to update the tax rates on products. For this, you can use the Product Tax in Lot option to update the tax rates in selected lot numbers simultaneously. Users can find this option in the GST updates section in the system maintenance form or update the product tax separately in the product master.
Process 1- If you want to change Tax of product.
Start with login in RetailGraph dashboard to initiate the process
Go to the Masters> Inventory>Product.
- This process requires opening a particular product from the products list.
- Now, you have to Edit the products sales and purchase tax from the drop-down list.
- Save the window after making changes in tax rates.
Reference image:
Note: This is how you can make changes in a particular Product Tax Rate.
Process 2- You want to change the tax in Lots of the product also.
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For this process, go to the Options> System Maintenance.
Reference image:
After that, a system maintenance window will appear in the next slide. Go to the GST Update section to update the tax rate.
- Click on the Product Tax in Lot option.
- Click on the Product Filter tab and select the product on which you want to update the tax rate in lot.
- After that, all your selected products will appear in the below-given Product, Sales and Purchase Tax columns.
- Click on the Change button.
As shown in the below-given image:
- A "Success Message" will come on your screen and all the lots of your product will get changed.