I want to know whether a State Govt. can reduce the CST Rate in it's state without any consideration from Central Govt.
Actually Himachal State Govt. has reduced the CST 1% (from 2%) in continuation of State Industrial Policy 2004 Benefit of CST 1% under State Industrial Policy 2004 was applicable from 01-04-2004 to 31-03-2013. But in the year 2007 it was decided to provide the concession only upto 31-03-09. Now HP Govt. again issued a notification to extend the benefit upto 31-03-2013. But Central Govt. has not given any notification.
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