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:
|
State Name |
Nature of Adjustment |
Additional Details |
Voucher Entry |
|
Bihar |
Decrease of CST |
Rebate |
Debit: CST ledger. Credit: Income ledger. |
|
Delhi |
Decrease of CST |
--- |
Debit: CST ledger. Credit: VAT ledger. |
|
Gujarat |
Decrease of CST |
Excess Tax Paid |
Debit: CST ledger. Debit: Additional tax ledger. Credit: Income ledger. |
|
Remission Towards CST |
Debit: CST ledger. Debit: Additional tax ledger. Credit: Income ledger. |
||
|
Kerala |
Decrease of CST |
Advance Tax |
Debit: CST ledger Credit: Ledger grouped under Current Assets . |
|
Himachal Pradesh |
Decrease of CST |
Excess Credit Brought Forward From Previous Return |
Debit: CST ledger. Credit: CST ledger. |
|
Odisha |
Decrease of CST |
Advance Tax |
Debit: CST ledger. Credit: Ledger grouped under Current Assets . |
|
Excess Paid |
Debit: CST ledger. Credit: Income ledger. |