what is the cst rate?
This query is : Resolved
14 April 2008
Sir,
May I Know What is the current % of Cst with & without 'C' form ?
May I Know What is the current % of Cst with & without 'C' form ?
15 April 2008
Currently 3%. In the proposed blll, it is 2%. Without C form, respective local tax rate for the respective products
15 April 2008
THE 2% CST PROPOSED IN THE BUDGET 2008-09 IS UNDER RECONSIDERATION BY OUR F.M IN CONSULT WITH STATE GOVTS.
EARLIER WHEN CST WAS 4% WITH C FORM,CST WAS 10% WITHOUT C FORM IN ANDHRA PRADESH.
SINCE VAT IS APPLICABLE IN STATES FOR LOCAL SALES TAX ,YOU NEED TO CONSIDER THE APPLICABLE VAT RATE MINUS 3% WITH C.FORM.
R.V.RAO
EARLIER WHEN CST WAS 4% WITH C FORM,CST WAS 10% WITHOUT C FORM IN ANDHRA PRADESH.
SINCE VAT IS APPLICABLE IN STATES FOR LOCAL SALES TAX ,YOU NEED TO CONSIDER THE APPLICABLE VAT RATE MINUS 3% WITH C.FORM.
R.V.RAO
15 April 2008
The rate still to to clarified by the concerned departments. It is expected that by the end of this month there will be a circular regarding this issue. Till then the 3% rate will be continued.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- RCM INVOICING FROM NOV-2024
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
Trending Online Classes
CAclubindia
