© tally solutions pvt. ltd. all rights reserved central sales tax in tally.erp 9
TRANSCRIPT
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© Tally Solutions Pvt. Ltd. All Rights Reserved
Central Sales Tax in Tally.ERP 9
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Central Sales Tax in Tally.ERP 9
Physical & E-Returns
(State-Specific)
ClassificationBased Calculations
Inter-State Trade - Returns
Invoicing withDeclaration Forms
Inter-State Sales
Inter-StatePurchases
Central Sales Tax
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Features of Central Sales Tax
• Inter-State trade with Declaration Forms
• Accurate CST calculation
• Determine CST Liability
• Generate Reminder and Covering Letter
• Meets all accounting and statutory norms
• Statutory CST Reports
• Generation of E-Returns
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Inter-State Trade – Declaration Forms
• Invoice transactions by selecting:
Form C – Inter-State Trade
Form E1/E2 – Transit Purchases/Sales
Form I – Sales to Special Economic Zones
Form H – Deemed Exports
Form F – Consignment/Branch Transfers Outside the State
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Accurate CST Calculation
• CST calculation based on VAT/Tax classifications
• Provision to enter multiple CST rates in a single invoice
• Classification based Commodity-wise computation consisting of:
• Inter-State trade
• Exports, Deemed Exports and Imports
• Stock transferred as Consignment/Branch Transfers
• Classification based Registers for Interstate Purchases and Sales
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Determine CST Liability
• Adjust CST dues against Input Tax Credit
• VAT Computation report showing CST liability
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Generate Reminder and Covering Letter
• Generate Reminder Letter on Non-receipt of Declaration Forms
• Generate Covering Letter confirming the receipt of Declaration Forms
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Meets all Accounting and Statutory norms
• Seamless integration with Accounts & Inventory
• Meets all Statutory Requirements of CST Act
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Statutory CST Reports
• Central Sales Tax returns:
• Physical Returns for 19 States/Union Territories
• E-CST Returns for 9 States
• Supporting Annexures for CST Forms
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Generation of E-Returns
• Facility to generate e-returns for applicable States by exporting data: Directly in the prescribed format or To Templates prescribed by Commercial Taxes Department
• Procedure of generating e-returns using Template files: Download Templates from Commercial Taxes Department website Copy files to Tally.ERP 9 installed folder Export the data to respective template files Save the Files and upload as prescribed by the Department
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