Recording a Transaction for Decrease of CST

You can create journal vouchers to record decrease in CST value.

To create journal voucher for decrease of CST

1.    Go to Gateway of Tally > Accounting Vouchers > F7: Journal.

Note: You can create a journal voucher from Gateway of Tally > Display > Statutory Reports > VAT > select the VAT or CST form.

2.    Click J: Stat Adjustment. In the Stat Adjustment Details screen,

o     Select the option VAT in the Type of duty/tax field.

o     Select the option Decrease of CST in the Nature of adjustment field.

o     Select the option Rebate in Additional Details field.

o     Press Enter to save and return to voucher screen.

3.    Debit the CST ledger.

o     Enter the Rate and Assessable Value in the VAT Details screen.

o     Press Enter to return to voucher screen.

4.    Enter the amount in the Debit column.

5.    Credit the ledger grouped under Indirect Incomes.

6.    Set the option Provide VAT Details to Yes and enter the From and To dates, else retain it as No.

7.    Enter Narration, if required.

The journal voucher appears as shown below:

8.    Press Enter to save.

The states with Decrease of CST available as the Nature of Adjustment are given below: