WHAT WILL BE THE RATE OF CST NEXT YEAR?
-CA SUDHIR HALAKHANDI
CENTAL SALES TAX
CA Sudhir Halakhandi (PRACTICING CHARTERED ACCOUNTANT) (13401 Points)
04 January 2009
3 Replies
Jitender
(Chartered Accountant)
(8724 Points)
Replied 04 January 2009
it will be 1% in order to implement GST.
CA Sudhir Halakhandi
(PRACTICING CHARTERED ACCOUNTANT)
(13401 Points)
Replied 04 January 2009
WHEN GST WILL BE INTRODUCED THE CST WILL BE SCRAPPED BUT IT WILL BE IN 2010.
IN 2009-10 THE RATE OF CST WILL BE REDUCED FURTHER TO MAKE IT 1 PERCENT BUT IT WILL NOT BE FROM 1ST. APRIL 2009 BUT FROM THE DATE WHICH WILL BE NOTIFIED BY THE CENTRAL GOVERNMENT.
IN 2008-09 THE RATE WAS REDUCED FROM 3% TO 2% AND IT WAS DONE AFTER LONG DELIBERATION WITH THE SATES AND THE EFFECTIVE DATE WAS 1ST. JUNE 2008.
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