In Tally.ERP 9, you can record interstate sales which may be taxable or exempt. You can capture the tax rate details, as required and select the appropriate nature of transaction to pass the interstate sales transaction.
Interstate sales have to be taxed at 0% CST rate against Form C when:
● It is transit transaction against Form E2.
● The goods are taxed at 0% under section 8(5) of CST Act read with section 8(4) (against Form C).
To record such sales, the following enhancements are introduced:
● The nature of transaction Interstate Sales Exempt - With Form C is provided.
● The option Is under CST exemption? is provided. After selecting the Form to receive as Form C, you can set this option to:
o Yes, if the goods are taxed at 0% when sold against Form C.
o No, if the transaction is against Form E1/E2.
To record an interstate sales invoice against Form C
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales.
2. Enter the reference number in Ref. field.
3. Select the party ledger in the field Party's A/c Name.
4. Set the option Is Against C Form? to Yes in Party Details screen. This option appears only when the State selected is other than Punjab.
5. Select the sales ledger predefined with the nature of transaction Interstate Sales Exempt - With Form C.
6. Select the required stock items.
7. Set the option Provide VAT Details? to Yes. In the Statutory Details screen,
o Enter the sale details.
o Select C Form in Statutory Details screen.
o Set the option Is under CST exemption? to Yes/No as applicable.
o Press Enter to save and return to sales invoice.
The sales invoice appears as shown below:
8. Press Enter to save.
To record an interstate sales invoice against Form C
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales.
2. Enter the reference number in Ref. field.
3. Select the party ledger in Party's A/c Name option.
4. Set the option Is Against C Form? to Yes in Party Details screen. This option appears only when the state selected is other than Punjab.
5. Select a common Sales Ledger in which the option Is VAT/CST Applicable? is set to Applicable, and Set/Alter VAT Details? is set to No.
6. Select the required stock items.
7. Enter Quantity and Rate for each stock item.
8. Select the common CST ledger. If the option Is Against C Form? is set to Yes in Party Details screen, the tax gets calculated at 2% CST rate irrespective of the tax rates defined in the inventory or accounting masters.
The ledger must be grouped under Duties & Taxes in which the fields:
● Type of duty/tax is set to CST.
● Percentage of Calculation is set to 0.
9. Select the common surcharge ledger.
The ledger must be grouped under Duties & Taxes in which the options:
● Type of duty/tax is set to Surcharge.
● Percentage of Calculation is set to 0.
10. Set the option Provide VAT Details? to Yes to view the Statutory Details screen.
11. Enter the C Form details and set the option Is Sales Against Cancelled Sales? to Yes or No as required. The Statutory Details screen appears as shown below:
12. Press Enter to return to sales invoice. The sales invoice appears as shown below:
13. Press Enter to save.
To record an interstate sales invoice for items attracting multiple CST rates
1. Go to Gateway of Tally > Accounting Vouchers > F8: Sales.
2. Enter the reference number in Ref. field.
3. Select the party ledger in Party's A/c Name option.
4. Set the option Is Against C Form? to No in Party Details screen. This option appears only when the state selected is other than Punjab.
5. Select a common Sales Ledger in which the option Is VAT/CST Applicable? is set to Applicable, and Set/Alter VAT Details? is set to No.
6. Select the required stock items whose VAT rates are specified either at the stock group or stock item level. Enter Quantity and Rate for each stock item.
7. Select the common CST ledger.
The ledger must be grouped under Duties & Taxes in which the fields:
● Type of duty/tax is set to CST.
● Percentage of Calculation is set to 0.
8. Set the option Provide VAT Details? to Yes to provide additional sales details in Statutory Details screen.
9. Press Ctrl+A in Statutory Details screen, to return to sales invoice.
10. Click A: Tax Analysis to display the Tax Analysis screen.
11. Click F1: Detailed to view the names of stock items. The Tax Analysis screen appears as shown below:
12. Press Esc to return to sales invoice. The sales invoice appears as shown below:
13. Press Enter to save.
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