You can record interstate sales for Delhi at different CST rates against Form C, depending on the transaction scenario. This topic mentions about the scenarios and applicable CST rates to be charged for the interstate sales.
Interstate sales have to be taxed at 0% CST rate against Form C when:
ā—¸ It is an in-transit transaction against Form E2.
ā—¸ 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 nature of transaction - Interstate Sales Exempt - With Form C is provided.
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 Delhi.
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 Select C Form as the Form to receive .
o Provide the GR/RR No. and 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 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 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 Delhi.
5. Select a common sales ledger in which the option Is VAT/CST Applicable? is set to Applicable , and Set/Alter VAT Details? is not enabled.
6. Select the required stock items whose VAT rates are specified either at the stock group level, or at the stock item level. Enter Quantity and Rate for each stock item.
Note: If the option Is Against C Form? is set to Yes in Party Details screen, and the nature of transaction is selected as Interstate Sales - Against Form C , the tax gets calculated at 2% CST rate. This is irrespective of the tax rates defined in the inventory or accounting masters.
7. Select the common CST ledger.
The ledger must be grouped under Duties & Taxes in which the options:
o Type of Duty/Tax is set to CST .
o Percentage of Calculation is set to 0 .
8. Set the option Provide VAT Details? to Yes to view the Statutory Details screen.
9. In the Statutory Details screen,
o Enter the C Form details. The Statutory Details screen appears as shown below:
o Press Enter to save, and Ā return to sales invoice.
The sales invoice appears as shown below:
10. Press Enter to save.
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