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CST Form I (Jharkhand)

CST Form I is a quarterly return form filed by dealers involved in interstate trade. Dealer has to file his return by entering the data directly in the Jharkhand Commercial tax department portal. Tally.ERP 9 provides all the information in print format. These details can then be entered in the online form.

To print CST Form I

1. Go to Gateway of Tally > Display > Statutory Reports > VAT > CST Form I .

2. Press Ctrl+P .

3. Press Enter .

Form Description - CST Form I (Jharkhand)

The fields in the form are described below:

Field Name

Description

Dealer Info.

TIN

Displays the TIN of the assessee, as recorded in the field TIN in the Company VAT Details screen.

Firm Name

Displays the name of the dealer, as recorded in the Mailing Name field in the company master.

Period From Date

Displays the beginning date of the period for which CST Form I report is generated.

Period To Date

Displays the end date of the period for which CST Form I report is generated.

Return Type

Displays the Type of Return selected in the Print Report screen. The option Regular is displayed when Original is selected as the Type of Return , and Revised when Revised is selected as Type of Return .

Remarks

Displays the Remarks recorded in the Print Report screen.

Dealer Category

Displays quarterly by default.

Nil Return

Displays Yes if there are no sales and purchase transactions in the reporting period. Displays No, if transactions are recorded in the reporting period.

1. Gross Turnover received or receivable during the period, including the State Turnovers, Branch Transfer/Sales outside the State/Consignment sales/Export Sales, and Inter-State Sales thereof. (excluding tax)

Displays the assessable value from sales transactions recorded in the reporting period. It is the gross assessable value from transactions with Sales Taxable , Interstate Sales - E1 , Interstate Sales Taxable , Interstate Sales - Works contract (excluding labour charges), Sales - Works contract , and Interstate Sales - Against Form C selected as the Nature of transaction . It also displays the net assessable value from transactions with Interstate Consignment Transfer Outward , Consignment Transfer Outward , Interstate Branch Transfer Outward , Branch transfer outward , Exports , Interstate Sales - E2 , Interstate Sales Exempt , Interstate Labour Charges Collected , Interstate Sales - Tax Free , Sales - Exempt , Interstate Sales - Zero Rate ( Diplomatic Missions, U.N, UNICEF, WHO & Foreign Aid and SEZ / STP / EHTP selected as Party Entity/Org. Type ), Sales Exempt , Sales Zero Rated (Org. Type: Exempted/Concession by Notification), Interstate Deemed Export , Interstate Sales Exempt - E1 , Deemed Export , Interstate Sales Exempt - E1 , and Interstate Sales Exempt - With Form C selected as the Nature of transaction . Further, displays the value of the additional ledger created by selecting Not Applicable in the field Include in assessable value calculation for from transaction recorded with Interstate Sales - Taxable , Interstate Sales - Against Form C , and Interstate Sales - E1 selected as the Nature of transaction .

2. Deduct: Turnover under the State Law

Displays the gross assessable value from taxable local sales transactions recorded with Sales Taxable and Sales - Works contract selected as Nature of transaction . It also displays the net assessable value from local sales transactions with Consignment Transfer Outward , Branch Transfer Outward , Labour Charges Collected , Sales Exempt , Sales Zero Rated , and Deemed Export selected as the Nature of transaction .

3. Balance Turnover (1-2=3)

Displays the difference between gross turnover and local turnover.

Deduct.

4. Sales of good outside the State/Consignment Sales outside the State (u/s 4 of the Act) Branch Transfers (u/s 6A(1)) of the Act.

Displays the net assessable value from transfer transactions recorded with Interstate Branch Transfer Outward and Interstate Consignment Transfer Outward selected as the Nature of transaction . It also displays the value from the journal voucher recorded by debiting the interstate sales @2% ledger and crediting the interstate sales exempt ledger recorded with Decrease in Sales selected as the Nature of adjustment and Sales Outside the State selected as Additional Details .

5. Sales of goods in course of Export from India : (u/s 5(1) or 5(3) of the Act)

Displays net assessable value from transfer transactions recorded with Exports and Interstate Deemed Export selected as the Nature of transaction .

6. Cash discount if any, cost of freight, delivery or installation charges; when such cost/charges is separately charged (refer section 2(h) of the Act)

Displays the value of the additional ledger created by selecting Not Applicable in the field Include in assessable value calculation for from the transactions recorded with Interstate Sales - Taxable , Interstate Sales - Against Form C , and Interstate Sales - E1 selected as the Nature of transaction .

7. Less: Job Work,Labour and services charges for works contract; not amounting to sales, but included in the Central Turnover (refer Section 2(h) of the Act)

Displays the net assessable value from sales transactions with Interstate Labour Charges Collected selected as the Nature of transaction . It also displays the deduction charges from transaction recorded with Interstate Sales - Works contract selected as Nature of transaction . And also, the value of sales ledger with Interstate Labour Charges Collected selected as Nature transaction credited in the journal voucher recorded with Decrease of Output Tax selected as the Nature of transaction and Reversal of Labour and Service Charges selected as Additional Details .

8. Sale Price of Goods : returned by the purchaser ; (refer section 8(A)(1)(b) of the Act) i.e Sales Return (Excluding Tax)

Displays the assessable value from sales return transactions with Interstate Sales - Taxable , Interstate Sales - Against Form C and Interstate Sales - E1 selected as Nature of transaction , and Not Applicable or Others selected as the Nature of Return recorded in credit note voucher. And, if the returns are recorded using the journal voucher, the debit value of the sales ledger with Interstate Sales - Taxable , Interstate Sales - Against Form C and Interstate Sales - E1 selected as the Nature of transaction is captured.

9. Balance Turnover : Inter - State Sales

Display auto populated value of interstate sales. (3-4-5-6-7-8=9)

EXEMPT

10. Sales of Goods u/s 6(2) read with u/s 3(b) of the Act and supported with the declaration / certificates u/s 8(4) (a) of the Act, read with Rule 12(1) and (4) of the Central Rules , but except turnover under section 9(1) : "proviso" of the Act

Displays the net assessable value from sales transactions with Interstate Sales - E2 , Interstate Sales Exempt - E1 , and Interstate Sales Exempt - With Form C selected as the Nature of transaction .

11. Sales under Section 6(3) of the Act, subject to the restrictions specified in section 6(4) of the Act.

Displays the net assessable value from sales transactions with Interstate Sales - Zero Rated selected as the Nature of transaction and Diplomatic Missions, U.N, UNICEF, WHO & Foreign Aid selected as the Party Entity/Org. Type .

12. Sales of generally exempted goods, under the Sales Tax Law of the State (refer section 8(2)(c) of the Act).

Displays the net assessable value from sales transactions with Interstate Sales Exempt selected as the Nature of transaction .

13. Sales of goods notified under section 8(5) of the Act, subject to the restrictions in Section 8(4) of the Act.

Displays the net assessable value from sales transactions with Interstate Sales - Tax Free selected as the Nature of transaction .

14. Sales of goods under section 8(6) of the Act, subject to the restrictions specified in Section 8(8) of the Act And filing of declaration vide Sub-rule 11 of Rule 12 of the Central Rules

Displays the net assessable value from sales transactions with Interstate Sales - Zero Rated selected as the Nature of transaction and SEZ / STP / EHTP selected as Party Entity/Org. Type .

15. Balance Taxable Turnover

Displays auto populated value of balance turnover. (9-10-11-12-13-14=15)

Tax Calculation

16. Sales liable to be taxed u/s 8(1) of the Act -

Sale Price Excluding Tax (a)

Displays the net assessable value from interstate sales transactions recorded with Interstate Sales - Taxable (1% and 2%) and Interstate Sales - Against Form C selected as the Nature of transaction .

16. Sales liable to be taxed u/s 8(1) of the Act

Amount Of Tax Payable(b)

Displays the tax amount from interstate sales transactions recorded with Interstate Sales - Taxable (1% and 2%) and Interstate Sales - Against Form C selected as the Nature of transaction .

17. Sales liable to be taxed u/s 8(2) of the Act

Sale Price Excluding Tax (a)

Displays the net assessable value from interstate sales transactions taxable at rates other than 1% and 2% recorded with Interstate Sales - Taxable and Interstate Sales - Against Form C selected as the Nature of transaction .

17. Sales liable to be taxed u/s 8(2) of the Act

Amount Of Tax Payable(b)

Displays the tax amount from interstate sales transactions taxable at rates other than 1% and 2% recorded with Interstate Sales - Taxable and Interstate Sales - Against Form C selected as the Nature of transaction .

18. Sales liable to be taxed under section; "proviso" of sub section (1) of section 9 of the Act.

Sale Price Excluding Tax (a)

Displays the net assessable value from interstate sales transactions recorded with Interstate Sales - E1 selected as the Nature of transaction .

18. Sales liable to be taxed under section; "proviso" of sub section (1) of section 9 of the Act.

Amount Of Tax Payable(b)

Displays the tax amount from interstate sales transactions recorded with Interstate Sales - E1 selected as the Nature of transaction .

19. Total tax payable (16+17+18=19)

Sale Price Excluding Tax (a)

Displays auto populated sum of net assessable value. (16+17+18=19)

19. Total tax payable (16+17+18=19)

Amount Of Tax Payable(b)

Displays auto populated sum of tax amount. 16+17+18=19)

20. Add: Amount of interest : if any payable

Displays the value of the current liabilities ledger credited in the journal voucher recorded with CST selected as the Type of duty/tax , Increase of Tax Liability selected as the Nature of transaction and Interest selected as Additional Details .

21. Add: Amount of penalty : if any payable

Displays the value of current liabilities ledger credited in journal voucher recorded with CST selected as Type of duty/tax , Increase of Tax Liability selected as Nature of transaction , and Penalty selected as Additional Details .

22. Total Amount Payable (19+20+21=22)

Displays the auto populated sum of interest and penalty. (19+20+21=22)

23. Adjust the Amount payable in Box 16 from the amount as shown in Box 60 of Form JVAT -200 /204, of Jharkhand Value Added Rules 2006.

Displays the value of the CST tax ledger debited in the journal voucher recorded with Decrease of Input Tax selected as the Nature of transaction and Against CST selected as Additional Details .

24. Balance Total net Amount payable (22-23)=24

Displays auto populated value of total net amount payable. (22-23)=24

Payment/Adjustment Details

(i) Bank

Displays the Name of the Bank recorded for stat payment transaction in the Stat Payment Details screen of the Challan Reconciliation report.

(ii) Branch Name

Displays the Name of Branch recorded for stat payment transaction in the Stat Payment Details screen of the Challan Reconciliation report.

(i) Challan Number

Displays the Challan No. recorded for stat payment transaction in the Stat Payment Details screen of the Challan Reconciliation report.

(ii)Date

Displays the Deposit Date recorded for stat payment transaction in the Stat Payment Details screen of the Challan Reconciliation report.

(iii)Amount

Displays the Amount from the stat payment transaction for which the challan details are recorded. This includes transactions recorded using S : Stat Payment option and by selecting VAT as the Tax Type .

After entering these details for every payment transaction, click Add , and continue to record details of another payment transaction recorded for remitting tax in the reporting period.