Cst query

309 views 2 replies
Dear Sir\madam, I have distribution firm and sale Goods within STATE with 14.5% vat. Suppose, Item01 Rs.100 Vat @ 14.5% 14.5 ____ Price Rs.114.50 If i want to sale goods outside State against C Form,then i have to charge CST. sO CAN YOU HELP ME HOW TO DO SALE INVOICE when i Sale goods outside?
Replies (2)

Your price should be Sale Price plus 2% (as C Form issued).

You should pass the following entry:

Party a/c Dr     102

To Sales           100

To CST payable   2


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