on 09-15-2008 10:41 AM
Hi,
For VAT what are condition types are applicable.VAT is creditable but why CST is not creditable.
BR ,
Govind
OK DONE
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HI,
VAT - value added tax. it is being passed to next customer.
CST - It is income to the Central Government.
VAT - It is based on material will be decided whether it is part of material cost or u can claim back.
COndition type:
JVRD A/P VAT RM Ded
JVRN A/P VAT RM Non Ded
JVCD A/P VAT CG Deductib
JVCN A/P VAT CG Non Ded
JIVP VAT Payable
sridhar
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Hi
CST is Non deductible tax / Vary for state to state.
Incase of CST, the amount is debited to stock account after GR without any separate line item in the GR account document posting.
vIVEK
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