CST
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 December 2010
what is CST, does input credit allow in CST, what are the rate of Tax in CST
12 December 2010
CST is a tax levied by Central Government under the Central Sales Tax Act,1956 on movement of goods from one state to another by way of sale.
Input credit will not be allowed for CST vide the state VAT.
Present CST rate on the strength of C form is 2%. Without C form 10% or VAT rate which ever is higher.
Input credit will not be allowed for CST vide the state VAT.
Present CST rate on the strength of C form is 2%. Without C form 10% or VAT rate which ever is higher.
12 December 2010
I believe the present position is VAT rate whether it is 2% ,4% ,8% or 12% ,in all cases same as VAT rate(for without C form/unregistered dealer)
12 December 2010
Section 8(2)(b) of the CST Act,1956 is reproduced below:-
"in the case of goods other than declared goods, shall
be calculated at the rate of ten per cent or at the rate
applicable to the sale or purchase of such goods inside
the appropriate State, whichever is higher".
Pl comment.
"in the case of goods other than declared goods, shall
be calculated at the rate of ten per cent or at the rate
applicable to the sale or purchase of such goods inside
the appropriate State, whichever is higher".
Pl comment.
13 December 2010
I think there is an amendment to this & this position was before , will recheck again .
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