GST Cess Entry in Tally prime 4.1 - Cess on MRP ki entry kese kare - How to Entry on Cess in GST ?

Record Sales of Items with Cess
If you are in the business of selling tobacco, cigarettes, pan masala, coal, and more, you might have to charge cess along with GST. The cess is calculated based on either value, quantity, or both. While creating the stock item, you need to select the cess valuation type along with the cess rate. At the time of recording the sales voucher, once you select the cess ledgers, the amount gets calculated as per the rate defined. As per the new Notification No. 02/2023 issued by the Government of India, there is a change in the calculation of compensation cess for Pan Masala and Tobacco products. The notification introduces a retail sale price-based compensation cess system.

Time Stamp
00:00 Introduction
01:00 Type of CESS Tax
01:31 CESS Tax Definition
01:38 Based on Quantity Definition
04:20 Based on Value Definition
06:42 Based on Quantity & Value Definition
08:31 Tally Prime Company Creation
09:53 CESS With GST Tax Activation
11:31 Purchase Voucher Entry
12:03 Ledger Creation
13:13 Purchase Ledger Creation
13:55 Item Creation in Tally Prime
14:35 Unit Creation in Tally Prime
15:05 HSN/SAC Related Details
15:45 GST Rate & Related Details
16:26 CESS Valuation Type
16:55 CESS Rate
19:23 CGST Ledger Creation
19:50 SGST Ledger Creation
20:00 CESS Ledger Creation
21:07 Round Off Ledger Creation
21:40 GST Tax Analysis
23:06 Based on value Transaction
28:30 Based on Quantity & Value Transaction
33:28 End


How to Apply Cess in Tally Prime for GST purpose in Hindi | Cess Entry In Tally Prime With GST
GST Cess Entry in Tally prime 4.1 - Cess on MRP ki entry kese kare - How to Entry on Cess in GST ?

Supplies with Cess, Discount, MRP Inclusive of GST, Slab Rate

In your business, for some goods, you might have to charge a cess along with GST as per Section 8 of The Goods and Services Tax (Compensation to State) Act, 2017. This topic covers the recording of the sale of items with cess and also the sale of goods or services with discounts. Additionally, you can set the slab rates of stock items based on MRP or Item rates before recording the sales voucher. Later, you can record the sales transaction with the defined slab rates. You can also sell goods and services with an MRP Inclusive of tax. MRP stands for Maximum Retail Price and it is the highest price that can be charged for a product as decided by the manufacturer. If MRP is listed as Inclusive of Tax, it means the price of the product already includes the applicable taxes and the customer does not have to pay the tax separately.

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While selling goods or services, you might want to give discounts to your customers as part of your business policy. Such discounts can be either for each item separately or on the total invoice amount. In both cases, the tax is calculated after deducting the discount amount.

In TallyPrime, you can record all the above-mentioned transactions using a sales voucher. You just need to configure your Sales ledger and your stock items, and you can record the transactions with ease.

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