Tally erp 9 - cst query
This query is : Resolved
Guest
Guest
(Querist)
07 January 2013
PURCHASES - RS.100000
DISCOUNT - RS.10000
CST @1% - RS.900(ON NET PURCHASES)
Please define what should I do so that the CST is recorded @ 1% on RS.90000 and not on Rs. 100000. Manual filling on Rs.900 is also not working.
Thanks.
DISCOUNT - RS.10000
CST @1% - RS.900(ON NET PURCHASES)
Please define what should I do so that the CST is recorded @ 1% on RS.90000 and not on Rs. 100000. Manual filling on Rs.900 is also not working.
Thanks.
CMA Ramesh Krishnan
(Expert)
07 January 2013
you can account only Rs.90000 as purchase, because the trade discount generally no need to account. or
book the total purchase as 100000 and also pass the debit note for 10000 with both entry effecting the CST
book the total purchase as 100000 and also pass the debit note for 10000 with both entry effecting the CST
Guest
Guest
(Querist)
07 January 2013
What if I record that 10000 as Rebate & Discount ??
CMA Ramesh Krishnan
(Expert)
07 January 2013
of course you can record the 10000 as rebate
Guest
Guest
(Querist)
07 January 2013
If I record that Rs.10000 as rebate & discount then also the C.S.T is getting calculated @ 1 % on Rs.100000.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Reward for festival
- Employee secondment
- GSTR9 Annual Return
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Ito add credit side of bank
- Rent agreement of House of deceased person
- TDS Return Statement Status
- Capital gain on commercial property and investment in residential property
- Rectification under processing even after 6 months cpc portal
- Upload Level ValidationITR3Category of Defect B/D
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- MSME Payment Sec.43B (h)
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
