CST RATE
This query is : Resolved
22 June 2011
Dear Sir,
Earlier CST was 4 % agst. C Form. In absence of C Form, CST was 10%. Then govt. reduced CST 4 % periodically and at present it is 1 % agst C Form. Now, my question is if party says to charge full CST as it is unable to issue me C Form. In this case, what is the full rate of CST (in absence of C Form) that we should charge ? Is it still 10% CST (in absence of C Form) ? Also let me know, at the time of assessment, if we do not provide to the dept. C Forms of some parties to whom we had sold and charged CST agst C Form. In this case, what sales tax officer will collect as balance CST amt from us ? Will he collect balance 9% CST ?
thanks.
anckoora
Earlier CST was 4 % agst. C Form. In absence of C Form, CST was 10%. Then govt. reduced CST 4 % periodically and at present it is 1 % agst C Form. Now, my question is if party says to charge full CST as it is unable to issue me C Form. In this case, what is the full rate of CST (in absence of C Form) that we should charge ? Is it still 10% CST (in absence of C Form) ? Also let me know, at the time of assessment, if we do not provide to the dept. C Forms of some parties to whom we had sold and charged CST agst C Form. In this case, what sales tax officer will collect as balance CST amt from us ? Will he collect balance 9% CST ?
thanks.
anckoora
22 June 2011
CST against C form is 2%. If no C is provided then the normal VAT rate on that particular item prevailing in the state of selling dealer will apply.
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