CST - Indian Localisation

savi18
savi18 Member Posts: 2
edited 2011-04-12 in Navision Financials
Hi,

I have done the setting for Indian Localisation, yet it is not taking Central Sales Tax @ 2%. VAT is running fine. Do I have to do CST settings again in VAT or is if fine if i have done the setting in sales tax module.

I also want to attach the same to Customer or Vendor. VAT has been set and is working fine.

Thank You,

Savita

Comments

  • Ravikandula
    Ravikandula Member Posts: 42
    hi savita,

    you have to do settings for cst to get 2%. CST is based on C FORM. If the C Form is available
    then CST 2% it should take if not 4%.
    C Form should select in sales invoice or purchase invoice available in Tax information Tab.

    Below are the CST Settings steps
    1. Financial Management - Setup - Sales Tax
    2. Form code
    Code: C
    Description: C Form
    C Form : select check mark
    3. Tax Group Code
    Code : Tax c
    Desc: CST 2%
    4. Tax Jurisdiction
    Code:KA cst
    Desc: Karnataka CST
    Tax Type:CST
    5. Tax Details
    a. Tax Jurisidiction: KAR CST
    Tax Group code: Tax C
    Effective date: 01/04/11
    Form Code: Blank
    Tax Below Maximum: 4

    b. Tax Jurisidiction: KAR CST
    Tax Group code: Tax C
    Effective date: 01/04/11
    Form Code: C
    Tax Below Maximum: 2
    6. Tax Area
    Code: KAR CST
    Desc:Karnataka CST
    Tax Jurisdiction Code: KAR CST
    Jurisdiction Descr:Karnataka CST
    Include Tax Base: Select check mark
    this setting will be applicable for customer and vendor.

    Regards,
    Ravi Kandula

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