You can record interstate sales for Haryana at different CST rates against Form C, depending the transaction scenario. This topic mentions about the scenarios and applicable CST rates to be charged against the interstate sales.
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 nature of transaction - Interstate Sales Exempt - With Form C is provided. In the Form VAT R1 report, the text Subsequent of E1/E2 appears for this nature of transaction.
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 Haryana.
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 Press Enter to save and return to sales invoice.
The sales invoice appears as shown below:
8. Press Enter to save.
To record interstate sales 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 Haryana.
5. Select a common sales ledger in which the option Is VAT/CST Applicable is set to Applicable , and Set/Alter VAT Details is disabled.
6. Select the required stock items. 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.
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. Enter the C Form details. The Statutory Details screen appears as shown below:
10. Press Enter to return to sales invoice. The sales invoice appears as shown below:
11. Press Enter to save.
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