Easy Office
LCI Learning

What is connection of sales tax calculation.

This query is : Resolved 

26 July 2013 Dear expert,

please provide guidance for sales tax background and what is sales tax in real term. why cst is 2% and Vat is 5%?

26 July 2013 Dear Ankur,

CST : means Central Sales tax i.e materials are moved from one state to another state and therefore based on the local rates the CST is collected @ 2% against C forms.

VAT: VAlue added Tax 5% .This is collected for intra sale means within the state and every seller has to collect 5% till it reaches the consumer.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query