Tally's tax configurations allow you to comply with local tax laws and regulations with ease. You can set up the necessary tax types, tax slabs, and exemptions in a few simple steps.   For example, in India, the Goods and Services Tax (GST) is applicable at different rates depending on the product or service being provided. The GST rate in India ranges from 0% to 28%, depending on the type of product or service. Tally's tax configuration allows businesses to set up the GST rate and exemptions so that the correct taxes can be levied on the goods and services being provided.