Tax Rate per Product (0%, 5%, 12%, 18%, 28%)
Set the GST rate once, apply it everywhere
Each product carries its GST rate. The right tax is applied automatically on every sale — no manual calculation, no mistakes.
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₹14.2L
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4 Orders
What do you get out of it?
Nobody at your counter has to know GST rates. The rate is a property of the product, set once, so a cashier billing a mixed basket of 0%, 5% and 18% goods gets every line right without knowing which is which — and your returns add up because the rates were never typed by hand.
How does it work?
- 1
The rate is attached to the product
Each product references a tax rate carrying a percentage and a readable name, rather than storing a loose number. Set it when you create the product and it applies from then on.
- 2
Every invoice line takes the rate with it
When a product goes onto a bill, the tax percentage is written onto that invoice line. The line keeps the rate it was billed at, so a later rate change does not silently rewrite past invoices.
- 3
The bill is summarised by rate
Invoices carry a per-rate summary, so a single bill mixing 5% and 18% items shows the taxable value and tax for each slab separately — which is what the invoice format and your returns both need.
- 4
Zero-rated goods are handled as their own case
Products at 0% are not just 'tax that happens to be nil'. At return time those rows are reported as nil-rated, exempt or zero-rated supplies rather than being folded into your taxable total.
What situations does it handle?
One bill, several slabs
A kirana basket routinely spans 0%, 5% and 18%. Because the rate rides on each product, the split is computed per line and summarised per rate without anyone deciding anything at the counter.
The rate changes in the Budget
Update the rate on the product and new invoices pick it up. Invoices already raised keep the percentage they were billed at, which is correct — a filed invoice should not change retrospectively.
Same rate, different HSN
Rate and HSN code are stored separately on the product, so two goods can share 18% while classifying differently. Conflating them is a common source of wrong HSN summaries.
How do you get more out of it?
- Set the rate when you create the product and your counter staff never need to know GST slabs at all.
- Rates come across in the bulk product import, so a few thousand products can be set up in a spreadsheet in one pass.
- Zero-rated goods are worth tagging properly rather than leaving blank — they are reported separately at return time, which is what makes a grocery business's GSTR-3B reconcile.
- After a Budget rate change, update the affected products once. New bills pick it up and past invoices keep the rate they were issued at.
Common questions
Can I bill items at different GST rates on one invoice?
Yes, and it is the normal case. Each line carries its own product's rate, and the invoice shows a summary per rate slab, so a bill mixing 5% and 18% goods is split correctly without anyone intervening.
What happens to old invoices if I change a product's rate?
They keep the rate they were issued at. The percentage is written onto the invoice line at billing time rather than being looked up later, so history stays truthful — which matters if a filed period is ever examined.
How are 0% items treated?
As nil-rated, exempt or zero-rated supplies at return time, reported separately from taxable supplies rather than as taxable sales with no tax. For a grocery business where much of the basket is at 0%, this distinction is what makes GSTR-3B reconcile.
Do I set the rate on every product individually?
The rate lives on the product, but you do not have to do it one at a time — rates come across in the bulk product import, so a large catalogue can be set up in a spreadsheet and brought in at once.
Included free in every plan
Tax Rate per Product (0%, 5%, 12%, 18%, 28%) isn't an upgrade or paid add-on. It sits inside Wiseventory alongside GST billing, inventory, POS, GSTR-1 filing and the rest. One simple price for everything.
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