THEN SET FOLLOWING TO YES Set enable VALUE ADDED TAX (vat) to YES. Set /alter VAT DETAILS to YES
SAME FOR ENABLING VAT & CST
Creating a Purchase Ledger with CST
Name:-Purchase @ 12.5% CST A/c
GROUP:- Purchase accounts Inventory Value are effected to YES used in vat returns to YES. Then Select :- Inter State Purchase
Creating an input CST ledger
Name:- Input CST @ 12.5% A/c Group:- Purchase Account After selecting Purchase Account from the list press Ctrl + Enter to edit that and change the following setting. Used for Calculation (eg. Tax, Discounts) to YES Press enter and accept the changes for save.
Inventory Value affected:- NO
Set OR GIVE % (select on total sale) USED IN VAT RETURNS TO YES then select :- Inter State Purchase
Creating a sales ledger with CST
Name :-Sales @ 12.5% cst A/c
GROUP:- sales accounts Set Inventory Value are effected :-YES Set the option used in vat returns :- YES then select :- Inter state sales
Creating an Output CST ledger
Name:- Output CST @ 12.5% A/c
Group:- Duties &Taxes (TYPE :- CST) VAT/ TAX CLASS :- INTER STATE SALES Inventory Value affected:- NO Set OR GIVE %:- 12.5% (select on total sale)
STEPS FOR CST ADJUSTMENT
1st :- CREATE CST ADJUSTMENT SCREEN FOR THIS GOTO (GATE WAY OF TALLY ACCOUNT INFO VOUCHER TYPES ALTER JOURNAL) THEN PRESS ENTER AND GO BELOW ( NAME OF CLASS) and WRITE TAX ADJUSMENT then press enter and set following to yes USE CLASS FOR VAT ADJUSTMENT YES
STEPS FOR CST ADJUSTMENT
2ND :- THEN GOTO ACCOUNTING VOUCHER SCREEN AND PRESS F7 (SELECT TAX ADJUSTMENT) -- THEN SELECT OTHER or ADJUSMENT TOWARDS CST THEN :Dr > ALL OUTPUT CST Cr BALANCE IN CST PAYABLE Ledger (GROUP UNDER INDIRECT EXPENSE)