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Cst

VAT (Legacy) 715 views 1 replies

HI Friends, 

What is CST receivable?As we all know that credit of CST cannot be availed.......

Replies (1)
Originally posted by : durga prasad bahety

HI Friends, 

What is CST receivable?As we all know that credit of CST cannot be availed.......

 

When we give 100% as Non Deductible % in CST tax type attribute set up, the CST tax amount will go to Raw material account while doing AP invoice.

But in trial balance, there is a head called 
143ዝ – CST Receivable (Input Tax) with debit and credit values. How to deal with this as there should not be any head like
143029 – CST Receivable (Input Tax) in trial balance…


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