Product Master Overview
Understand how Product Master simplifies product management and invoice creation
Basic Product Fields
Essential information for creating a product
Pricing & Tax Information
Configure pricing and GST details for your product
Advanced Product Settings
Additional configuration options for product management
GST Cess & Reverse Charge
Configure additional GST Cess if applicable and set reverse charge status. Reverse charge applies when the recipient is liable to pay GST instead of the supplier.
Expiration & Inventory
Set product expiration dates for perishable items and manage current inventory levels. Track available stock quantities.
Account Head/Category
Assign the product to an accounting category or ledger account for proper financial record-keeping and reporting.
Product Master Best Practices
Tips for effective product management
How to Create & Save Products
Step-by-step guide to adding new products
To create a new product in EZTax.in GST accounting:
- Click the Add button in the Product section, or press Alt+P
- Fill in all required product information including serial, description, and type
- Enter HSN code, pricing, unit of measurement, and tax details
- Configure tax rates and any additional settings (cess, reverse charge, expiration)
- Assign the product to appropriate accounting head/category
- Click Save to store the product in your Product Master