Interstate sale in Tally

Interstate sale means:  

•     Movement of goods from one state to another state.
• Transfer of document of title of goods during the movement from   one state to another.

For the interstate sale, first of all create the ledger.

• Gateway of tally -->account info.
• account info. --> Ledger
• Ledger  --> create.

Then only three items are created in ledger creation.

•        Interstate sale --> It is under the sale account. Maintain bill and cost centre are not activate. But inventory values are activated.

           

•        CST 2% or CST 4% (central sale tax) --> It is under the duties and taxes. CST is the type of duty. Vat is not imposed on interstate sale. It is imposed on total sale. Maintain bill and cost centre are not activate.

       

•         Any party name are created which are linked with our business --> It is under the sundry debtors. And activate maintain bill because when any party name are written then activate maintain bill.

      

Then go to accounting voucher*

 F8

First of all party name: when stock are borrowed from party then party name. But when purchased in cash then cash is written.

Sales ledger: in sales ledger, interstate sale are written.

Name of items: select the name of items with the help of press any key. Then vat are imposed. When any expenses are incurred during the time of import and export then it can be written after vat imposed. Various expenses like: freight, cartage, courier, transport, etc.

      

Various forms are opened in screen:

•       C form --> export within India.
•       H form --> export outside India.
•        I form --> for consignment.·   
•       D form --> for government
•       E1, E2, --> for interstate sale.

But for this purpose we will select FORM C. because if we receive form c from the party then we pay fewer amounts.E.g. CST rate 10%.  If we receive C form then we pay less amount of CST. E.g. We will pay only 2% of CST. This is the advantage of form C. but it does not the refunded amount & no adjustment in further years.

How to see CST report?

• Display  --> statutory report

Then form no. is written. Date is written. Narration is being also necessary. Accept it

• statutory report   --> CST report 
•  CST report  --> form receivable 
•  form receivable --> ledger 
• ledger--> party name 
• party name --> F12  -->select C form.