CST Form III (Assam)

Type of Return - Original/Revised

Displays the type of return selected at the Printing screen.

1. CST

Displays the CST or Interstate sales tax number as specified in F11:Features > F3 Statutory Details screen.

2. Tax Period

Displays the period for which CST Form III report is generated as specified in the CST Form.

3. Name and Style of Business

Displays the Name and Style of Business as specified in Additional Details screen of F11:Features > F3 Statutory Details screen.

4. Address

Displays the address of the company as specified in the Mailing Address field of party ledger creation screen.

5. Name of the goods dealt in

Displays the name of the goods the business as specified in Additional Details screen of F11:Features > F3 Statutory Details screen.

PART A - Description

6. Gross amount received or receivable by the dealer during the period in respect of sale of goods including value of goods transferred  outside of Assam

Displays the gross assessable value of sales transactions within the state and net value of inter-state including CST amount. Displays only the net value after sales adjustments are made using debit or credit notes.

The following Nature of Transactions are supported:

●      Sales Exempt (Net Value)

●      Sales Exempt - Bonded Warehouse (Net Value)

●      Export (Net Value)

●      Interstate Branch Transfer Outward (Net Value)

●      Interstate Consignment Transfer Outward (Net Value)

●      Interstate Labour Charges Collected (Net Value)

●      Interstate Sales - Against Form C (Including Tax value) (Gross Value)

●      Interstate Sales - E1 (Including Tax value) (Gross Value)

●      Interstate Sales - E2 (Net Value)

●      Interstate Sales Exempt (Net Value)

●      Interstate Sales Exempt - E1 (Net Value)

●      Interstate Sales - Taxable (Including Tax Value) (Gross Value)

●      Interstate Sales - Tax Free (Net Value)

●      Interstate Sales - Works Contract (Including all deductions available in sub-form. i.e., Sale value including deductions should form part of this field (Including Tax value) (Gross Value)

●      Interstate Deemed Export (Net Value)

●      Interstate Sales - Zero Rated (Net Value)

●      Sales - Others (Net Value)

●      Sales - Tax Free (Net Value)

●      Sales Zero Rated  - irrespective if any party entity type (Net Value)

●      Branch Transfer Outward (Net Value)

●      Consignment Transfer Outward (Net Value)

●      Deemed Export (Net Value)

●      Labour charges collected (Net Value)

●      Sales Taxable irrespective of schedule of all Tax rates (Gross Value)

●      Sales - Works Contract (Gross Value)

●      Pre-owned cars having the calculation type as 'On Value' for all Tax rates (Gross Value)

●      Sales Taxable - Ongoing (Gross Assessable value without tax) (Gross Value)

●      Sales - High Seas (Net Value)

Deduct

7 a) Turnover of sales of Goods in the course of export out of India u/s 5(1)/5(2)/5(5)

Displays the net assessable value of sales of goods in course of export out of India

The following Nature of Transactions are considered:

●      Exports

●      Sales - High Seas (Net Assessable Value)

7 b) Turnover of inter state sales of Goods preceding the sales in course of export u/s 5(3), against Form "H"

Displays the net assessable value of sales of goods in course of deemed exports.

The following Nature of Transactions is considered:

●      Interstate Deemed Export (NET Assessable value)

7 c) Value of goods transferred outside the State u/s 6A(1), against Form "F", to branch or depot.

Displays the net assessable value of stock/branch transfers made outside Assam.

The following Nature of Transaction is considered:

●      Interstate Branch Transfer Outward

7 d) Value of goods transferred outside the State u/s 6A(1), against Form "F" , to commission agents

Displays the net assessable value of consignment transfers made outside Assam.

The following Nature of Transaction is considered:

●      Interstate Consignment Transfer Outward.

7 e) Turnover of sales of Goods in the State of Assam

Displays the gross assessable value of local sales made within the state.

The following Nature of Transactions are considered:

●      Sales - Others (Gross Assessable Value without Tax)

●      Sales - Works Contract (GROSS Assessable value without tax)

●      Sales - Taxable (GROSS Assessable value without tax)

●      Sales - Zero Rated (Party Entity/Org. Type: with Any list) (NET Assessable value)

●      Sales Exempt (Gross Assessable value)

●      Sales Tax Free (Gross Assessable value)

●      Sales - Taxable (Schedule : Schedule IV)& (GROSS Assessable value without tax)

●      Sales Taxable - Lease (Ongoing) (Gross Assessable value without tax)

●      Consignment Transfer Outward

●      Branch Transfer Outward

●      Deemed Export

●      Pre-owned cars having the calculation type as 'On Value' for all Tax rates

●      Sales Zero Rated  - irrespective if any party entity type

●      Labour charges collected

Total of deduction at 7(a+b+c+d+e)

Displays the gross assessable value of local taxable sales and the net assessable value of all local exempt sales.

8. Turnover of inter state sales(6-7)

Displays the total turnover of Interstate sales including tax, after deducting exports, deemed exports, branch/ consignment transfers and local sales which can either be taxable/exempted or tax -free.

The following Nature of Transactions are considered:

●      Interstate Sales - E1 (NET Assessable value with tax)

●      Interstate Sales Exempt - E1 (NET Assessable value)

●      Interstate Sales - E2 (NET Assessable value )

●      Interstate Sales – Zero Rated  (Party Entity/Org. Type: with Any list) (NET Assessable value)

●      Interstate Deemed Export (NET Assessable value)

●      Sales - High Seas (Net Assessable Value)

●      Interstate Sales - Against Form C (NET Assessable value with tax)

●      Interstate Sales Exempt (NET Assessable value)

●      Interstate Sales - Taxable (NET Assessable value with tax)

●      Interstate Sales - Works Contract (NET Assessable value with tax)

PART-B Description

9. Turnover of inter state sales at 8(From Part A)

Displays the same value as Box 8.

10. Deduct : a) Inter state sales u/s 6(2), being subsequent sales against Form "E 1" and "C"

Displays the gross assessable value of Interstate Sales against E1 form.

The following Nature of Transactions are considered:

●      Interstate Sales Exempt- E1

●      Interstate Sales - E2

10 b) Inter state sales u/d 6(3) being sales to diplomatic mission,UN,etc..against Form "J"

Displays the net assessable value of zero rated sales against F form to UN, Diplomatic Missions, etc.

The following Nature of Transaction is considered:

●      Interstate Sales – Zero Rated  (Party Entity/Org. Type: with options "Diplomatic Missions, U.N, UNICEF, WHO  & Foreign Aid") (NET Assessable value)

10 c) Inter state sales exempted u/s 8(5)

Displays the gross assessable value (including tax amount) of the sales recorded against C form using  Interstate Sales Exempt as the Nature of Transactions.

10 d) Inter state sales u/s 8(6), being sales made to a dealer in Special Economic Zone against Form "I"

Displays the net assessable value of zero rated sales against I form to SEZ Regions, etc. using the Nature of Transactions as Interstate Sales - Zero Rated.

10 e) Inter state sales on which no tax is payable

Displays the net assessable value of exempted interstate sales recorded using Interstate Sales - Tax Free as the Nature of Transactions.

The following Nature of Transactions are considered:

●      Interstate Sales - Tax Free (Net Assessable Value)

●      Interstate Sales – Zero Rated  (Party Entity/Org. Type: with option "Notification") (NET Assessable value)

●      Interstate Sales – Zero Rated  (Party Entity/Org. Type: with option "Not Applicable") (NET Assessable value)

●      Sales – Zero Rated  (Party Entity/Org. Type: with option "Notification") (NET Assessable value)

●      Sales – Zero Rated  (Party Entity/Org. Type: with option "Not Applicable") (NET Assessable value)

10 f) Labour and other charges for Works Contract

Displays the net assessable value of labour charges collected locally or through interstate sales for works contract.

The following Nature of Transactions are considered:

●      Interstate Labour Charges Collected

●      Labour Charges Collected

10 g) Other deduction, if any

Displays any other deduction amount applicable for the dealer.

Total of deduction at 10(a+b+c+d+e+f+g)

Displays auto calculated value of the fields (10a + 10B + 10c + 10d + 10e + 10f + 10g)

11. Taxable inter state sales (9-10)

Displays auto calculated value of the total taxable interstate sales of the dealer ( Box 9 - Box 10)

PART -C Description

12. Taxable inter-state sales at 11 from part B (Rs.)

Displays the total taxable interstate sales of the dealer for each rate.

Note: New tax rate 6% and 15% added.

The following Nature of Transaction are considered:

●      Interstate Sales - Works Contract

●      Interstate Sales - Against Form C

●      Interstate Sales - E1

●      Interstate Sales - Taxable @ 0.25%

●      Interstate Sales - Taxable @ 1%

●      Interstate Sales - Taxable @  2%

●      Interstate Sales - Taxable @ 4%

●      Interstate Sales - Taxable @ 5%

●      Interstate Sales - Taxable @ 9%

●      Interstate Sales - Taxable @ 12%

●      Interstate Sales - Taxable @ 12.5%

●      Interstate Sales - Taxable @ 13.5%

●      Interstate Sales - Taxable @ 15.5%

●      Interstate Sales - Taxable @ 16.5%

●      Interstate Sales - Taxable @ 20%

●      Interstate Sales - Taxable @ 22%

●      Interstate Sales - Taxable @ 25.75%

●      Interstate Sales - Taxable @ 14.5%

●      Interstate Sales - Taxable @ 27.50%

●      Interstate Sales - Taxable @ 6%

●      Interstate Sales - Taxable @ 15%

13. Deduct :-a) Sales price of goods returned by the purchasers within a period of six months from the date of delivery thereof u/s 8A(1)(b).

Displays the assessable value of goods sold return within the period of six months from the date of delivery in credit note or journal.

The following Nature of Transaction are considered:

●      Interstate Sales - E1 (Returns Assessable value with tax)

●      Interstate Sales - Against Form C (Returns Assessable value with tax)

●      Interstate Sales - Taxable (Returns Assessable value with tax)

●      Interstate Sales - Works Contract (Returns Assessable value with tax)

13. Deduct :-b) Tax collected included in turnover u/s 8A(1)(a)

Displays the taxable amount collected minus the CST amount in the return.

Total of deductions at 13(a+b)

Displays the sum of deductions from Box 13a and Box 13b.

14. Net taxable inter-state sales(12-13)

Displays the value of Box 12 - (Box 13a and Box 13b)

15. Tax Payable

Displays the CST payable calculated on Box 14 at applicable tax rate.

16. Total Tax payable

Displays the total tax payable by the dealer for all tax rates.

17. Interest payable

Displays the interest payable which was recorded in the journal.

The journal voucher was passed with the journal flag Interest Payable.

●      Dr. Interest (Indirect Expense)

●      Cr. Interest payable (Current liabilities)

18. Penalty payable

Displays the total penalty value in the journal voucher recorded by debiting ledger grouped under Indirect Expense and crediting ledger grouped under Current Liabilities ledger.

19. Aggregate amount payable (16+17+18)

Displays the aggregate payable amount (Box 16 + Box 16 + Box 18)

20. Amount paid

Displays the total amount tax paid recorded in the payment voucher by selecting Type of Duty Tax as CST.

21. Payable tax amount transferred to the corresponding VAT returns

Displays the debited value of payable tax amount recorded in the journal entry using the journal flag Adjustment Towards CST.

22. Excess payment,if any

Displays the excess amount paid over the CST payable amount.

23 Details of Payment

Registration No.

Displays the CST registration number of the dealer, as entered in the party Ledger Creation screen.

Acknowledgement No.

This field is left blank.

Type of Instrument*

Select the type of instrument (challan, cheque, or DD).

No*

Enter the challan/DD/cheque number given by the treasury or bank while making the tax payment.

Amount*

Enter the amount for the payment.

Date*

Specify the challan/DD/cheque date.

Bank Name*

Enter the name of the bank used by the dealer to make the payment.

Branch Name*

Enter the branch name of the bank used by the dealer to make the payment.

Declarations

Displays the Name, period of submitting returns, Place, and Status entered in the Printing screen of CST Form III.