What is central sales tax number in SAP FI - Financial Accounting?

SAP Term: central sales tax number

• Component: FI

• Component Name: Financial Accounting

• Description: A tax number, in India, assigned by the authorities to legal persons for transactions involving central sales tax.

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• Key Concepts: 
  Central Sales Tax Number (CST) is a unique number assigned to a business by the Indian government for the purpose of tracking sales tax. It is used to identify the business when filing sales tax returns and making payments. The number is also used to track the movement of goods between states in India. 
  
  How to use it: 
  In SAP Financial Accounting (FI), the Central Sales Tax Number (CST) is used to identify the business when filing sales tax returns and making payments. The number is also used to track the movement of goods between states in India. The CST number can be entered in the customer master data in SAP FI, and it will be used for all transactions related to that customer. 
  
  Tips & Tricks: 
  When entering the CST number in SAP FI, make sure that it is entered correctly and that all required fields are filled out. This will ensure that all transactions related to that customer are tracked accurately. 
  
  Related Information: 
  The Central Sales Tax Number (CST) is part of the Goods and Services Tax (GST) system in India. GST is a comprehensive indirect tax system that applies to all goods and services sold within India. For more information on GST, please visit the official website of the Indian government.