Venkkatesh (Accountant) (124 Points)
24 April 2013Hi,
In Tally i have entered the Interstate Purchases @ 2% against C Form and don't have the sales of the same to other states.
Suppose in purchase voucher i entered like this.
Cr. Supplier Account 7,320 Dr. CST Purchases 7,117 Dr. CST @ 2% 142 Dr. Freight Charges 61
Here i have take the CST @ 2% under Duties & Taxes. In the Final accounts it is showing in the balance sheet. How to close that amount of R.s 142. from the account which is CST Purchase and there is not CST Sales.
CA NITIN AGRAWAL
(Chartered Accountant)
(168 Points)
Replied 24 April 2013
Deepak Dargad
(Chartered Accountant....)
(9787 Points)
Replied 24 April 2013
| Originally posted by : CA NITIN AGRAWAL | ||
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add 142 in cst purchase a/c and do not show any amount in cst @ 2% a/c. |
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I Agree with reply
Venkkatesh
(Accountant)
(124 Points)
Replied 24 April 2013
If i do that it is not showing the what the CST Value in the Form Issualble Report.
Suresh Singh Rajput
(Accounts)
(176 Points)
Replied 24 April 2013
Add CST amount to Cost of Purchase as a whole amount paid to Creditor
CAclubindia
