What rate of cst
This query is : Resolved
04 September 2012
We are from Tamilnadu and our products come under the 5% VAT category. What should the rate of CST be if goods are sold without C-Form to retail customers outside Tamilnadu?
Should it be 5% or 10%?
Regds
Mukesh
Should it be 5% or 10%?
Regds
Mukesh
04 September 2012
5% Only .It Cant Exceed VAT rate.
06 September 2012
CA Ayush is Correct. CST is central act but the rates are based on the local vat. In tamilnadu, the vat rates at present are 5% and 14.5% and therefore if you sell these materials against c form it is only 2%. But if the same is sold to URD dealers, it is 5% and 14.5% respectively.
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