You can record transactions to reflect adjustments made towards CST by specifying the necessary details in the Stat Adjustment Details screen. You can then debit the CST ledger and credit the VAT ledger.
To record journal voucher for adjustment towards CST
1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal.
2. Click J: Stat Adjustment.
o Select the option VAT in the field Type of duty/tax.
o Select the option Decrease of Input Tax in the field Nature of adjustment. The additional details option Against CST is automatically selected.
3. Press Enter to return to voucher.
4. Debit the CST ledger created under the group Duties and Taxes.
5. Enter the Rate and Assessable Value in the VAT Details screen.
6. Credit the VAT ledger and enter the Rate, Surcharge Rate and Assessable Value in the VAT Details screen.
The VAT ledger must be:
o Grouped under Duties & Taxes.
o Type of duty/tax is set to VAT.
7. Credit the surcharge ledger and enter the Rate, Surcharge Rate and Assessable Value in the VAT Details screen. The journal voucher appears as shown below:
The surcharge ledger must be:
o Grouped under Duties & Taxes.
o Type of duty/tax is set to VAT.
8. Press Enter to save.
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