© tally solutions pvt. ltd. all rights reserved central sales tax

© Tally Solutions Pvt. Ltd. All Rights Reserved

Central Sales Tax

© Tally Solutions Pvt. Ltd. All Rights Reserved 2 2© Tally Solutions Pvt. Ltd. All Rights Reserved

Central Sales Tax

Inter-State Purchases

Inter-State Sales

Invoicing with Declaration Forms

Inter-State Trade-Returns

Classification based Calculations

Physical and E-Return (State specific)

© Tally Solutions Pvt. Ltd. All Rights Reserved 3 3© Tally Solutions Pvt. Ltd. All Rights Reserved

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

© Tally Solutions Pvt. Ltd. All Rights Reserved 4 4© Tally Solutions Pvt. Ltd. All Rights Reserved

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

© Tally Solutions Pvt. Ltd. All Rights Reserved 5 5© Tally Solutions Pvt. Ltd. All Rights Reserved

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

© Tally Solutions Pvt. Ltd. All Rights Reserved 6 6© Tally Solutions Pvt. Ltd. All Rights Reserved

Determine CST Liability

• Adjust CST dues against Input Tax Credit• VAT Computation report showing CST liability

© Tally Solutions Pvt. Ltd. All Rights Reserved 7 7© Tally Solutions Pvt. Ltd. All Rights Reserved

Generate Reminder and Covering Letter

• Generate Reminder Letter on Non-receipt of Declaration Forms

• Generate Covering Letter confirming the receipt of Declaration Forms

© Tally Solutions Pvt. Ltd. All Rights Reserved 8 8© Tally Solutions Pvt. Ltd. All Rights Reserved

Meets all Accounting and Statutory norms

• Seamless integration with Accounts & Inventory• Meets all Statutory Requirements of CST Act

© Tally Solutions Pvt. Ltd. All Rights Reserved 9 9© Tally Solutions Pvt. Ltd. All Rights Reserved

Statutory CST Reports

• Central Sales Tax returns:• Physical Returns for 19 States/Union Territories

• E-CST Returns for 11States

• Supporting Annexures for CST Forms

© Tally Solutions Pvt. Ltd. All Rights Reserved 10 10© Tally Solutions Pvt. Ltd. All Rights Reserved

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

© Tally Solutions Pvt. Ltd. All Rights Reserved

Thank you