CST entry in Tally.Erp 9| A practical approach with case study

CST entry in Tally ERP 9 helps to manage interstate transactions in a business because generally interstate sales and purchase require  issue/receives various kind of statutory forms which is difficult to manage if we do not pass CSTentry in Tally.ERP 9 properly!

You should also read tutorials on VAT

How to create VAT Master Ledger in Tally.ERP 9

I also write about concept of Vat and if you pass a correct Sales Entry  in Tally.ERP 9, then the software will give you perfect error free vat payable amount within few clicks!

CST refers to Interstate sales and purchase transactions. The article will describe the detailed procedure how to record CST in Tally.ERP 9.
Earlier we have discussed  how to create VAT and cst purchase ledger  in Tally.ERP 9 p

CST Entry in Tally ERP 9

An Engineering company has a limited number of clients, but has a few complex processes.

We will focus on the CST features,present in Tally. We will be taking up all the annexures possible, though all may not be applicable for a particular firm.

Now, in this exhaustive case, we will take each annexure one by one. We start by Annexure A

There is only one thing that needs to be remembered while preparing the ledgers just mark the correct VAT – classification under the sales ledger.

Details of Branch transfer or consignment transfer:-

CST Entry in Tally ERP 9
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CST Entry in Tally ERP 9 | Voucher Entry

the voucher entry is done as :-

CST Entry in Tally.ERP 9
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This is a branch transfer to Haryana branch and needs to be reflected in Annexure A.

remember to choose the category as Branch/Divisions- the VAT details is selected as inter state dealer

Now let us see the 2nd annexure B of CST.

Annexure B in Accounts
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The entry for the sales is shown as :-

Sales voucher Entry in Tally
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The third is CST Annexure C is being shown as :-

CST Entry in Tally ERP 9

for the SEZ buyer – the entry is shown as :-

Item Ledger for Sales Invoice
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CST Entry in Tally ERP 9  | Selecting VAT Class

As was discussed earlier, just choose the correct VAT form under the sales of SEZ as :-

VAT Classification in Tally
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Now we see the Annexure D :-

here we have taken the CST ledger under duties and taxes ( at 2% sales)

Sales Entry screen shot in Tally.ERP 9
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CST Entry in Tally ERP 9

The entry is shown as above for annexure D.

Now for Annexure E :- the CST reflection has to beCST Entry in Tally ERP 9

Annexure E shows that we have to give the details of the suppliers and their details of address , state etc.

We also have to provide the Bill/invoice details and the purpose which can be filled in the sub form. The Tax amount is automatically calculated.

We will show the the entry as CST Entry in Tally ERP 9

Forms in Tally.ERP 9
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The Subform is shown as is shown above, this will reflect in the annexure E.

Now for the Form F, – inter state stock transfer

CST Entry in Tally ERP 9

The entry is shown as below:-

F Forms in Tally.ERP 9
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Now there is a complex annexure – annexure G’s purchase.  This involves us to give the details of the supplier ( it’s details) and the details of the sales amount

CST Entry in Tally ERP 9

 

[box type=”info”]cst entry in tally erp 9 how to Show Form Number in vouchers[/box]

the voucher entry is done as :-

Form details in Tally.ERP 9
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Just note an important feature that needs to be enabled for this E1 and E2 forms.

 

This is enabled as, go to the voucher ( F8) and then Press F12. and enable the feature to YES as:-

Configuration in Tally for Sales Invoice

Once this is enabled, you can issue bills and activate form E1 -E2 as is relevant.

Finally – The BS sums it up all and is shown as :-

Balance Sheet in Tally.ERP 9

clearly shows the transfer from HO as a liability(as -ve) but( just remember that during the ledger creation the ledger was marked as Transfers to Branch inward)

In this case , we have considered all annexures applicable to CST, however, this may not be true for most companies.
Only some may be applicable to them.

*The article is only for an educational purpose and the author holds no responsibility what so ever