cst payable problem
Joginder_Singh
Member Posts: 22
cst payable is not coming to my Chart of Account it is going to purchase account along with tax
0
Answers
-
Welcome to the forum.
This is a localization issue. Members of other nation will not understand CST i.e. Central Sales Tax applicable on inter state sale in India.
Now your question : Can you repharse it as CST payable account is not credited with the purchase transaction because you have already paid the tax amount to the vendor. CST payable account will be used in sales transaction where the company is liable to deposit the tax collected on sale transaction.
You must be confused because of modifications done in the latest hotfix. Earlied the amount of CST paid on purchase transaction was debited in different account other than the purchase account. This was questioned by many accountants who doesny want this account to appear in the COA. Now if the inventory loading has been selected in the structure, the amount of tax will be added to the purchase account in the posting.CA Sandeep Singla
http://ssdynamics.co.in0
Categories
- All Categories
- 75 General
- 75 Announcements
- 66.7K Microsoft Dynamics NAV
- 18.8K NAV Three Tier
- 38.4K NAV/Navision Classic Client
- 3.6K Navision Attain
- 2.4K Navision Financials
- 116 Navision DOS
- 851 Navision e-Commerce
- 1K NAV Tips & Tricks
- 772 NAV Dutch speaking only
- 610 NAV Courses, Exams & Certification
- 1.9K Microsoft Dynamics-Other
- 1.5K Dynamics AX
- 251 Dynamics CRM
- 103 Dynamics GP
- 6 Dynamics SL
- 1.5K Other
- 991 SQL General
- 383 SQL Performance
- 34 SQL Tips & Tricks
- 28 Design Patterns (General & Best Practices)
- Architectural Patterns
- 9 Design Patterns
- 4 Implementation Patterns
- 53 3rd Party Products, Services & Events
- 1.6K General
- 1K General Chat
- 1.6K Website
- 77 Testing
- 1.2K Download section
- 23 How Tos section
- 249 Feedback
- 12 NAV TechDays 2013 Sessions
- 13 NAV TechDays 2012 Sessions