Cst


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Querist : Anonymous

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Querist : Anonymous (Querist)
19 June 2014 Our company is the retailer of gold/diamond/silver ornaments.We are situated in Mumbai.We purchased Gift Articles(God idol& Fancy frame)from a dealer located in Chennai.They charged 2% as CST on the purchase cost.If we are ready to give C form,then can we tell the dealer to put CST amount as 1% instead of 2%.
If he is not agreeing, no need of giving C form.Is n't it?
or is there any other reason to charge 2%

Kindly advise

21 June 2014 r/sir

at present normally cst is 2% against C form. in some state like Karnataka 0% cst against C form will applicable.

if you not give the C form then you have to pay diff of tax it may be 10.50% of your purchases.

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 June 2014 Sir,
Could you please explain me about 0%CST in Karnataka state?Because while we purchase from that state ,we are paying 1% as CST




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