1 / 11

Central Sales Tax in Tally.ERP 9

Central Sales Tax in Tally.ERP 9. Central Sales Tax in Tally.ERP 9. Features of Central Sales Tax. Inter-State trade with Declaration Forms Accurate CST calculation Determine CST Liability Generate Reminder and Covering Letter Meets all accounting and statutory norms Statutory CST Reports

seamus
Download Presentation

Central Sales Tax in Tally.ERP 9

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Central Sales Tax in Tally.ERP 9

  2. Central Sales Tax in Tally.ERP 9

  3. Features of Central Sales Tax • Inter-State trade with Declaration Forms • Accurate CST calculation • Determine CST Liability • Generate Reminder and Covering Letter • Meets all accounting and statutory norms • Statutory CST Reports • Generation of E-Returns

  4. Inter-State Trade – Declaration Forms • Invoice transactions by selecting: • Form C – Inter-State Trade • Form E1/E2 – Transit Purchases/Sales • Form I – Sales to Special Economic Zones • Form H – Deemed Exports • Form F – Consignment/Branch Transfers Outside the State

  5. Accurate CST Calculation • CST calculation based on VAT/Tax classifications • Provision to enter multiple CST rates in a single invoice • Classification based Commodity-wise computation consisting of: • Inter-State trade • Exports, Deemed Exports and Imports • Stock transferred as Consignment/Branch Transfers • Classification based Registers for Interstate Purchases and Sales

  6. Determine CST Liability • Adjust CST dues against Input Tax Credit • VAT Computation report showing CST liability

  7. Generate Reminder and Covering Letter • Generate Reminder Letter on Non-receipt of Declaration Forms • Generate Covering Letter confirming the receipt of Declaration Forms

  8. Meets all Accounting and Statutory norms • Seamless integration with Accounts & Inventory • Meets all Statutory Requirements of CST Act

  9. Statutory CST Reports • Central Sales Tax returns: • Physical Returns for 19 States/Union Territories • E-CST Returns for 9 States • Supporting Annexures for CST Forms

  10. Generation of E-Returns • Facility to generate e-returns for applicable States by exporting data: • Directly in the prescribed format or • To Templates prescribed by Commercial Taxes Department • Procedure of generating e-returns using Template files: • Download Templates from Commercial Taxes Department website • Copy files to Tally.ERP 9 installed folder • Export the data to respective template files • Save the Files and upload as prescribed by the Department

  11. Thank you Tally Solutions Pvt. Ltd. 331 - 336, Raheja Arcade Koramangala Bangalore - 560 095 Tel : +91 (80) 30282559 Fax : +91 (80) 30287329 Email: sales@tallysolutions.com

More Related