Cst

This query is : Resolved

MD.AKHTARUZZAMAN ANSARI (Querist)
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15 June 2010 Sir,
1.When Purchasing of goods is through inter-state.If we pass journal entry like
purchase A/c Dr.
Cst A/c Dr
To Party.
in tally. how can be cst removed/cancelled. Or it will be shown as
Purchase A/c dr.(with cost+cst)
To Party
2. when we contract with any one and one pays us after deducting TDS how the enty of tds will be done in tally.
please guide me sir.
I am auditing a company and i have a little knowledge of CST.
I shall be higly thankful to u.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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15 June 2010 CST we cannot take as input better you added to the purchase cost and debit purchase or create CST ledger separately month end you trasnfer to purchase cost

If You are receiving the payment after deducting TDS you need to debit TDS receivable account and credit party a/c

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