About cst 1% or cst 2%

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 February 2014 Dear Sir,

I have a query I am working with a trading company which is working in garments sector it has retail showroom in Delhi, I am working with this company, we have Interstate purchase from Mumbai, kolkata,
there are some bills would be Ag. cst 1% or cst 2% why difference ?

please sir give Resolution

sir one more

we are liable to give c form AG.1%CST ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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14 February 2014 it is a interstate transaction then cst @2% will be applicable.

Querist : Anonymous

Querist : Anonymous (Querist)

14 February 2014 sir I know cst @2% but why cst 1% in the bill of kolkata and mumbai

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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14 February 2014 cst @1% in mumbai and kolkata not in cst bt must be vat in respective state.

Querist : Anonymous

Querist : Anonymous (Querist)

14 February 2014 WILL WE GIVE C FOR AG.CST 1%

Vishnu Saboo

Vishnu Saboo (Expert)
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18 February 2014 no, as far as concern to issueing form C, this is for getting concession in tax rate i.e. VAT rate is 4%, but ag form C you have to pay 2% only.
when tax rate on any commodity 1% itself, i don't find justifying to issue form C in such case.