CST ENTRY & CST ADJUSMENT

HOW TO ENABLE CST

Press>f11: F3 (statutory & taxation features).

THEN SET FOLLOWING TO YES
Set enable VALUE ADDED TAX (vat) to YES.
Set /alter VAT DETAILS to YES

SAME FOR ENABLING VAT & CST

Creating a Purchase Ledger with CST

Name:-Purchase @ 12.5% CST A/c

GROUP:- Purchase accounts
Inventory Value are effected to YES
used in vat returns to YES.
Then Select :- Inter State Purchase

Creating an input CST ledger

Name:- Input CST @ 12.5% A/c
Group:- Purchase Account
After selecting Purchase Account from the list
press Ctrl + Enter to edit that and change the
following setting.
Used for Calculation (eg. Tax, Discounts) to YES
Press enter and accept the changes for save.

Inventory Value affected:- NO

Set OR GIVE % (select on total sale)
USED IN VAT RETURNS TO YES
then select :- Inter State Purchase

Creating a sales ledger with CST

Name :-Sales @ 12.5% cst A/c

GROUP:- sales accounts
Set Inventory Value are effected :-YES
Set the option used in vat returns :- YES
then select :- Inter state sales

Creating an Output CST ledger

Name:- Output CST @ 12.5% A/c

Group:- Duties &Taxes (TYPE :- CST)
VAT/ TAX CLASS :- INTER STATE SALES
Inventory Value affected:- NO
Set OR GIVE %:- 12.5% (select on total sale)

STEPS FOR CST ADJUSTMENT

1st :- CREATE CST ADJUSTMENT SCREEN
FOR THIS GOTO (GATE WAY OF TALLY ACCOUNT
INFO VOUCHER TYPES ALTER JOURNAL)
THEN PRESS ENTER AND GO BELOW ( NAME OF
CLASS) and WRITE TAX ADJUSMENT then press
enter and set following to yes
USE CLASS FOR VAT ADJUSTMENT YES

STEPS FOR CST ADJUSTMENT

2ND :- THEN GOTO ACCOUNTING VOUCHER SCREEN AND
PRESS F7 (SELECT TAX ADJUSTMENT) -- THEN SELECT
OTHER or ADJUSMENT TOWARDS CST
THEN :Dr > ALL OUTPUT CST
Cr BALANCE IN CST PAYABLE Ledger (GROUP UNDER
INDIRECT EXPENSE)