The CST Returns are not available for Karnataka State. So for the purpose of comparing the computation with the CST return form, the information relating to Maharashtra CST form is illustrated here.
The VAT Computation reports provide the Assessable Value and the Tax Amount of the sales and purchase transactions Entered using different VAT/ Tax classifications.
To view the VAT Computation report,
Go to Gateway of Tally > Display > Statutory Reports > VAT > VAT Computation
The VAT Computation report is displayed as shown.
The screen displays the total VAT payable on sales and purchases made during the specified period.
To view all the VAT/Tax classifications press F12: Configure and set:
Show All VAT Classifications to Yes.
Show CST Details to Yes.
The Assessable Value is the sum of the total value of goods at which they are purchased and sold. VAT is calculated on this assessable value.
The total Tax Amount calculated on Assessable value using the respective Tax percentage is the Tax Amount.
Note: You can drill down the VAT Computation screen to view the VAT Classification vouchers and further drill down to view the vouchers in alteration mode.
Click the button F1: Detailed or press Alt + F1.
A part of the detailed VAT Computation screen displays as shown.
The CST report as per the State-specific requirements has been provided for many States in Tally.ERP 9. The CST Return form displays as shown:
'CST Computation and Return Form' has been shared with
