Has the CST Rate changed from 4% , if yes then for what %
& the Local sales tax for karnatka has been changed?
7 Replies
Nagesh Midde
(student)
(191 Points)
Replied 11 February 2008
Now CST is 3%. for the financial year 2007-08.
V Chandramouli
(Addl. Manager - Corporate Acco)
(49 Points)
Replied 11 February 2008
yes, it is 3% effective 1.4.2007 and the same will be reduced by 1% in each FY 2008-09 & 2009-10 and will be no CST from 2010-11 due to the implementation of VAT
Amit Sharma
(article)
(2677 Points)
Replied 11 February 2008
Effective from 1 4 2007 it has become 3% and by the end of 2010 its going to get abolished..
Nagesh Midde
(student)
(191 Points)
Replied 11 February 2008
Mr Amit. whether local sales tax is 2% (please concern present CST is 3%). Is it necessary to issue C Form?
Nagesh Midde
(student)
(191 Points)
Replied 13 February 2008
Mr. Vijay. I Think there is no need to issue C Form, whether it is applied Local sales tax (less than 3%).
CA. O.P. Agarwalla
(C.A.)
(2916 Points)
Replied 14 February 2008
C form is required to be issued, if some one wants to avail concessional rates. In this case C form is not required.
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