Monday, 7 September 2015

INTER STATE TRANSACTION

INTER STATE TRANSACTION

When a dealer purchase or sales goods to other state then it is called Inter State Transaction.

This time the dealer has to pay CST (Central Sales Tax). CST is a tax on sales of goods levied (deposited) by the central government. It is applicable only in the case of inter state transaction.

Inter State Purchase: - When a dealer purchase goods from other state, then it is called inter state purchase.

Inter State Sales: - When a dealer sales goods in other state, then it is called inter state sales.

Working steps:

Create a company and then activate T.D.S. as follow:-

To Activate VAT: - G.O.T. (Gateway of Tally)--> Press F11 (Company Features)--> Press F3 (Statutory & Taxation).


Alter in group as follow:


Path for alteration in group: - G.O.T. (Gateway of Tally)--> Accounts Info--> Group--> Alter--> Purchase.


Create ledger as follow:

Path for ledger creation: - G.O.T. (Gateway of Tally)--> Accounts Info--> Ledger--> Create (Single).



After that create stock master:

To create stock group: - G.O.T. (Gateway of Tally)--> Inventory Info--> Stock Group--> Create (Single).


To create stock item: - G.O.T. (Gateway of Tally)--> Inventory Info--> Stock Item--> Create (Single).


Now do voucher entry:

Path for voucher creation: - G.O.T. (Gateway of Tally)--> Inventory Voucher--> Press F9 (Purchase Voucher)--> Press F12 (Configuration).



You can see the VAT report as follow:-

Path for view VAT report: - G.O.T. (Gateway of Tally)--> Display--> Statutory Report--> VAT Report--> VAT Computation.

When the report do not shows, then press F12.



Now again create ledger:

Path for ledger creation: - G.O.T. (Gateway of Tally)--> Accounts Info--> Ledger--> Create (Single).



Again do voucher entry:

Path for voucher creation: - G.O.T. (Gateway of Tally)--> Inventory Voucher--> Press F8 (Sales Voucher).


See the VAT report:

Path for view VAT report: - G.O.T. (Gateway of Tally)--> Display--> Statutory Report--> VAT Report--> VAT Computation.


For more details, press “Alt + F1”.

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