VAT Commodity Master [HQ]
VAT Commodity Master in Gofrugal HQ is a centralized configuration module where you define, manage, and control tax-related settings for all commodities/items across your entire retail or restaurant chain.
Steps to Create a VAT Commodity Master:
Navigate to MDM > Tax Master Management > VAT Commodity Master. This will display the VAT Commodity List screen.
Click Add to open the Add Commodity screen.
In the Select Area field, press the space bar. A list of area names will appear. Select an area and press the enter button.
In the Commodity Code field, enter the code for the commodity.
In the Commodity Description field, provide a description of the commodity.
In the Schedule field, provide a description of the schedule.
In the Part field, enter the part designation. For example:
Part A for items taxable at one percent (e.g., gold or precious stones).
Part B for items taxable at four percent (e.g., sewing threads, whether natural or artificial; quilts made of cotton or silk cotton).
In the Select Tax Rate field, press the enter button. A list of VAT tax rates will be displayed. Choose a VAT tax rate and press the enter button.
Note: Click New to create a new tax master if necessary.
Click Save. A message stating that the VAT commodity master has been saved successfully will be displayed.
Note: The newly created VAT commodity master will appear in the VAT Commodity List.
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