what is the cst rate?

This query is : Resolved

Report Abuse Follow Query Ask a Query

M. Manikandan

M. Manikandan (Querist)
Follow

14 April 2008 Sir,

May I Know What is the current % of Cst with & without 'C' form ?

Jitender

Jitender (Expert)
Follow

14 April 2008 3 %.

CA Shailesh +91 9393926464

CA Shailesh +91 9393926464 (Expert)
Follow

15 April 2008 Currently 3%. In the proposed blll, it is 2%. Without C form, respective local tax rate for the respective products

Upgrade to CAclubindia Pro. Subscribe Now!

R.V.RAO

R.V.RAO (Expert)
Follow

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

C.rajesh

C.rajesh (Expert)
Follow

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.