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© Tally Solutions Pvt. Ltd. All Rights Reserved Central Sales Tax.

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Presentation on theme: "© Tally Solutions Pvt. Ltd. All Rights Reserved Central Sales Tax."— Presentation transcript:

1 © Tally Solutions Pvt. Ltd. All Rights Reserved Central Sales Tax

2 © Tally Solutions Pvt. Ltd. All Rights Reserved 2 2 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)

3 © Tally Solutions Pvt. Ltd. All Rights Reserved 3 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 © Tally Solutions Pvt. Ltd. All Rights Reserved 4 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 © Tally Solutions Pvt. Ltd. All Rights Reserved 5 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 © Tally Solutions Pvt. Ltd. All Rights Reserved 6 6 Determine CST Liability Adjust CST dues against Input Tax Credit VAT Computation report showing CST liability

7 © Tally Solutions Pvt. Ltd. All Rights Reserved 7 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 © Tally Solutions Pvt. Ltd. All Rights Reserved 8 8 Meets all Accounting and Statutory norms Seamless integration with Accounts & Inventory Meets all Statutory Requirements of CST Act

9 © Tally Solutions Pvt. Ltd. All Rights Reserved 9 9 Statutory CST Reports Central Sales Tax returns: Physical Returns for 19 States/Union Territories E-CST Returns for 11States Supporting Annexures for CST Forms

10 © Tally Solutions Pvt. Ltd. All Rights Reserved 10 © Tally Solutions Pvt. Ltd. All Rights Reserved 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 © Tally Solutions Pvt. Ltd. All Rights Reserved Thank you


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