How to Alter HSN Code in Tally Prime
In the modern business landscape, maintaining accurate and up-to-date information is crucial for the smooth operation of any organization. One such piece of information is the Harmonized System Nomenclature (HSN) code, which is a 6-digit code used to classify goods and services for import and export purposes. Tally Prime, a popular accounting software in India, allows users to manage their financial records efficiently. However, there may be instances when you need to alter the HSN code for a particular item in Tally Prime. In this article, we will guide you through the process of how to alter HSN code in Tally Prime.
Step 1: Access the Item Master
To begin the process of altering the HSN code, you first need to access the Item Master. This can be done by navigating to the “Item” section in the Tally Prime dashboard. Once there, select the item for which you want to change the HSN code.
Step 2: Edit the Item Details
After selecting the item, you will be taken to the Item Master screen. Here, you will find various details related to the item, including its HSN code. To edit the HSN code, click on the “Edit” button next to the “HSN Code” field.
Step 3: Enter the New HSN Code
In the “Edit Item Details” window, you will see the “HSN Code” field. Enter the new 6-digit HSN code that you want to assign to the item. Ensure that the code is accurate and corresponds to the item’s classification.
Step 4: Save the Changes
After entering the new HSN code, click on the “Save” button to save the changes. Tally Prime will update the item’s HSN code accordingly. You can now close the Item Master screen.
Step 5: Verify the Changes
To ensure that the HSN code has been altered successfully, go back to the item’s details in the Item Master. You should now see the new HSN code displayed next to the item’s name. Additionally, you can verify the changes by generating an invoice or a purchase order for the item, which will display the updated HSN code.
Conclusion
Altering the HSN code in Tally Prime is a straightforward process that can be completed in just a few steps. By following the guidelines outlined in this article, you can easily update the HSN code for any item in your database. Ensuring accurate HSN codes is essential for compliance with import and export regulations, and Tally Prime makes it convenient for businesses to manage their financial records effectively.
