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: