Master TDS & TCS Provisions with Critical Issues. Register Now!

CST 1%

LAKSHMANAN (ASST. MANAGER) (30 Points)

18 March 2009

Wether CST 1% is applicable for any products. We are goind to procure a material (electronic) with 1%. So kindly confirm the CST is 1% or else?

Reply
Follow
Share

19 Replies

Ashish M (Chartered Accountant) (2731 Points)
Replied 18 March 2009

As till now, the CST rate has been reducred from 3% to 2%...................there is no such rate as 1%

Upgrade to CAclubindia Pro. Subscribe Now!

Anoop (Service) (345 Points)
Replied 19 March 2009

I am agree with Ashish that there is no rate of cst @ 1%. The rate of 2% is applicalbe against c form.

Athma Ranjan (service) (66 Points)
Replied 19 March 2009

CST 1% was applicable from Pondichery, Silvasa, J & K etc. Please clarify from which state/UT you are planning to purchase.

Ashish M (Chartered Accountant) (2731 Points)
Replied 19 March 2009

interesting...........!

Sathishkumar Ramamoorthy (MD / CEO) (35 Points)
Replied 23 March 2012

Please clarify if CST rate with C form is 1% for the material purchased from Pondichery?

Upgrade to CAclubindia Pro. Subscribe Now!

Sudhanshu (Accounts) (26 Points)
Replied 04 May 2012

I AM WORKING IN A CEILING FAN MANUFACTURER COMPANY, WE RAISED BILLS IN ROORKEE (FACTORY) FOR DELHI DEALERS, & WE APPLYING CST1% IS IT POSSIBLE. OUR HEAD OFFICE IS IN DELHI WE ALSO SELL GOODS OR RAISE BILLS FROM HERE. PLEASE SUGGEST ME IS IT POSSIBLE CST1%. IF YES HOW

M.K.AGGARWAL (TAX CONSULTANTS) (232 Points)
Replied 05 May 2012

Mr.sudhanshu,CST is 2% against 'c' Form on all items all over India.

Sonu Kumar (Account Manager) (665 Points)
Replied 05 May 2012

Dear Mr Agrawal,

I works in a construction company in Bihar, We Purchase Sheeting Material from Lloyed Insulation Limited and they Charge only 1% Cst against Form C. i am also confused because on same Material other Parties Charge 2%Cst in Same State. please Clearify

Sunil Kumar G (AGM Taxation) (373 Points)
Replied 05 May 2012

The CST Rate as follows

1) Sale of interstate without C Form: CST Rate equal to State VAT Rate

2)Sale of Interstate with C Form : 2% CST or State Rate which ever is less

3) If the product is exempted in the state ( VAT is Nil): CST also Nil rate, in that case C form is not required

4) State VAT is 1% : CST Rate also 1% with or without C Form.

Sunil Kumar

1 Like

Mihir Doshi (B.Com, CA, CS, LLB) (2187 Points)
Replied 05 May 2012

Dear Sunilji,

I just want to know 3rd and 4th point. VAT in which state either in purchasers state or sellers state.

Thanks

Mihir doshi

Upgrade to CAclubindia Pro. Subscribe Now!

Sunil Kumar G (AGM Taxation) (373 Points)
Replied 05 May 2012

The appropriate state, means Seller state. Deciding factor is State rate on seller state.

1 Like

Sudhanshu (Accounts) (26 Points)
Replied 07 May 2012

Sir we raised bills from roorkee to our DELHi dealers, Uttrakhand. UK is exise exempted, my accounts manager told me. in uk CST is 1% like Jammu & Kashmir & scuh other states.