What is CST in SAP SBO - SAP Business One?

SAP Term: CST

• Component: SBO

• Component Name: SAP Business One

• Description: A required code that must be printed on the Nota Fiscal for the ICMS state tax. CST Código de Situação Tributária in Portuguese is composed of two parts: The first part indicates the origin of the merchandise. The second part indicates the specific taxation.

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• Key Concepts: 
  CST stands for Central Sales Tax and is a type of indirect tax levied by the Indian government. It is applicable to all inter-state sales of goods and services. The tax is collected by the Central Government and is shared between the Central and State Governments. 
  
  How to use it: 
  In SAP Business One, CST is used to calculate the tax amount for inter-state sales transactions. The tax rate is determined based on the state from which the goods or services are being sold. The tax amount is then added to the total invoice amount. 
  
  Tips & Tricks: 
  When creating an invoice for an inter-state sale, make sure to select the correct CST rate for that particular state. This will ensure that the correct amount of tax is calculated and added to the invoice. 
  
  Related Information: 
  CST is one of several types of indirect taxes in India, including Value Added Tax (VAT), Service Tax, and Excise Duty. All of these taxes are applicable to different types of transactions and must be taken into account when creating invoices in SAP Business One.