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Cst query
Dear Sir\madam,
I have distribution firm and sale Goods within STATE with 14.5% vat.
Suppose, Item01 Rs.100
Vat @ 14.5% 14.5
____
Price Rs.114.50
If i want to sale goods outside State against C Form,then i have to charge CST.
sO CAN YOU HELP ME HOW TO DO SALE INVOICE when i Sale goods outside?
Replies (2)
Your price should be Sale Price plus 2% (as C Form issued).
You should pass the following entry:
Party a/c Dr 102
To Sales 100
To CST payable 2
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