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Creating Tax Ledgers
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https://help.tallysolutions.com/docs/te9rel49/CST/Creating_Tax_Ledgers.htm

Creating Tax Ledgers

 

CST on Sales Ledger

To create a CST on Sales Ledger,

Go to Gateway of Tally > Accounts Info > Ledgers > Create

  • Enter the name of the CST Payable ledger in the Name field.

  • Select Duties & Taxes as the group name in the Under field.

  • Select CST from the Type of Duty/Tax list in the field Type of Duty/Tax.

  • Select CST @ 2% Against Form C in the VAT/Tax Class field from the VAT/Tax Class list displayed.

  • The option Inventory values are affected is set to No by default.

  • The Percentage of Calculation and Method of Calculation gets displayed based on the VAT/tax class selected.

  • Select the required Rounding Method from the list displayed.

 

  • Press Enter to accept and save.

CST on Purchases Ledger

To create a CST on Purchase ledger,

Go to Gateway of Tally > Accounts Info. > Ledgers > Create

  • Enter the name of the CST on Purchase ledger in the Name field.

  • Select Duties & Taxes as the group name in the Under field.

  • Select CST from the Type of Duty/Tax list in the field Type of Duty/Tax.

  • Select Interstate Purchases @ 2% Against Form C in the VAT/Tax Class field from the VAT/Tax Class list displayed.

  • The option Inventory values are affected is set to No by default.

  • The Percentage of Calculation and Method of Calculation gets displayed based on VAT/tax class selected.

  • Select the required Rounding Method from the list displayed.

  • Press Enter to accept and save.