How to Manage GST on Tobacco Products in Tally Prime | Step-by-Step Complete Guide

Описание: How to Manage GST on Tobacco Products in Tally Prime | Step-by-Step Complete Guide
Managing GST on Tobacco Products is different from normal goods due to high GST rates, Compensation Cess, and strict compliance. In this video, we explain step-by-step how to manage GST on Tobacco Products in Tally Prime with practical entries and real-world examples.

This complete guide is useful for tobacco traders, manufacturers, accountants, GST practitioners, and students who want error-free GST accounting in Tally Prime.

🔍 What You’ll Learn in This Video:

✅ Applicable GST rates & Compensation Cess on tobacco products
✅ How to create ledgers, stock items & HSN codes in Tally Prime
✅ Purchase entry of tobacco products with GST & Cess
✅ Sales entry with correct GST calculation
✅ Input Tax Credit (ITC) rules for tobacco products
✅ GST return impact (GSTR-1 & GSTR-3B)
✅ Common mistakes and how to avoid GST notices

🎯 Who Should Watch:

✔ Tobacco traders & wholesalers
✔ Cigarette & tobacco product manufacturers
✔ CA students, GST practitioners & accountants
✔ Anyone managing GST in Tally Prime

📌 Software Used:

💻 Tally Prime (Latest Version)

👍 Don’t Forget To:

👉 Like the video
👉 Share with your accountant friends
👉 Subscribe RTS Professional Study for practical GST & Tally tutorials

📢 Keywords / Tags (for SEO):

GST on Tobacco Products, Tobacco GST in Tally Prime, Compensation Cess GST, Tally Prime GST Entry, Tobacco Accounting in Tally, GST for Tobacco Traders, RTS Professional Study
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Topics timing
00:00 – Introduction: GST on Tobacco Products Overview
00:45 – Why GST on Tobacco is Different (High Rate & Cess)
01:40 – Applicable GST Rates & Compensation Cess on Tobacco
02:00 – Important Compliance Points for Tobacco Business
03:20 – Creating Company & Enabling GST in Tally Prime
04:40 – Creating Ledgers for Tobacco GST Accounting
05:30 – Creating Stock Items with HSN Code in Tally Prime
06:10 – Purchase Entry of Tobacco Products (GST + Cess)
07:00 – Sales Entry with Correct GST Calculation
08:30 – Input Tax Credit (ITC) Rules for Tobacco Products
09:10 – Effect on GSTR-1 & GSTR-3B Returns
10:00 – Common Mistakes in Tobacco GST Accounting
11:30 – Tips to Avoid GST Notices & Penalties
13:00 – Summary & Final Advice
22:00 – Subscribe for More GST & Tally Tutorials
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#gstupdate
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DISCLAIMER
This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, chartered accountant, tax professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.