cst
girish mangla (practice) (206 Points)
16 March 2008
can anybody tell me about cst? can we claim input credit?
CST stands for Central Sales Tax. It is tax levied on the sale of goods to another states. When a dealer in the states sold goods to another dealer in other states then he will charge CST on the sales value of goods. Current rate of CST is 3% and it will charged @ 2% from 1st april, 2008.
Rightnow it is not possible to claim Input Tax credit for Central Sales Tax paid on Interstate purchases.
CA. O.P. Agarwalla
(C.A.)
(2916 Points)
Replied 29 September 2008
2% concessional rate of CST is made applicable from 01.06.2008
CA. O.P. Agarwalla
(C.A.)
(2916 Points)
Replied 29 September 2008
2% concessional rate of CST is made applicable from 01.06.2008
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