banner_ad

cst accouting treatment

Others 3344 views 3 replies

wat is the accounting treatment for cst purchases and sales ...whether cst paid on purchase can be clubbed up with purcahses and the entire amount along with cst amount can be debited to purchases

Replies (3)

 

yes in CST purchase the entire amount including CST paid on purchse is debited to the Purchase reason being that we cannot take credit of this amount so we treat it as a part of direct expenses & debited to the Purchases A/c,

However in case of CST sales we account the CST paid in seprate A/c reason being that this amount is our liablity & which will be settled by paying the CST amount to the department.

Thanks & Regard

Raman Gora

Yes, Mr. Raman is right

 

1) Purchase A/c.........dr.     104

         To Creditor A/c                        104

---------------------------------------------------------

2) Debtor A/c.............Dr.     208

         To Sales                              200

          To CST                                 8   

----------------------------------------------


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details