Transcript Central Sales Tax

Central Sales Tax
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Central Sales Tax
Inter-State Purchases
Inter-State Sales
Invoicing with Declaration Forms
Inter-State Trade-Returns
Classification based Calculations
Physical and E-Return (State specific)
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Features of Central Sales Tax
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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
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Inter-State Trade – Declaration Forms
• Invoice transactions by selecting:
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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
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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
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Determine CST Liability
• Adjust CST dues against Input Tax Credit
• VAT Computation report showing CST liability
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Generate Reminder and Covering Letter
• Generate Reminder Letter on Non-receipt of Declaration
Forms
• Generate Covering Letter confirming the receipt of
Declaration Forms
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Meets all Accounting and Statutory norms
• Seamless integration with Accounts & Inventory
• Meets all Statutory Requirements of CST Act
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Statutory CST Reports
• Central Sales Tax returns:
• Physical Returns for 19 States/Union Territories
• E-CST Returns for 11States
• Supporting Annexures for CST Forms
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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
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Thank you
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