S. Banerjee (Practising Cost Accountant. Core area- Central Excise. Service Tax Costing system installation including maintenance of Cost Records and Cost Audit and Management Audit mainly Revenue leakages Audit) (622 Points)
05 April 2008Can anybody tell me what is the existing rate of Central Sales Tax?
Wating for you reply,
S. Banerjee
CA. Dashrath Maheshwari
(TaXpert)
(15103 Points)
Replied 05 April 2008
Existing CST rate applicable from 01/april/2008 is 2%, earlier it was 3%.
sunil
(333 Points)
Replied 05 April 2008
Dear,
Can anybody tell me about notification of rate reduced to 2%?
If form C could not be issued /full rate of tax of the billing state will be charged.
Regards
Shyam Lal Naik
(Service)
(6156 Points)
Replied 06 April 2008
CST rate has been reduced to 2% vide Finance Bill, 2008. Is there any necessity to issue a separate notification?
The CST rate without C form is 4%.
S. Banerjee
(Practising Cost Accountant. Core area- Central Excise. Service Tax Costing system installation including maintenance of Cost Records and Cost Audit and Management Audit mainly Revenue leakages Audit)
(622 Points)
Replied 06 April 2008
In the Finance Bill 2008 The UFM has proposed to reduce the CST rate from 3% to 2% but till date that has not been Notified. Under this situation what rate will be applicable ?
S. Banerjee
sunil
(333 Points)
Replied 06 April 2008
My dear Naikji,
If it is not sure[without form c rate is 4%], we should keep silence, baseless answer create confusion as well as bad impression of members of CACLUB.
with warm regards
sunil
Milind
(Service)
(37 Points)
Replied 23 April 2008
CST applicable at present is 3% only. Revision in rate is still not effected as all States have not yet accepted rate of 2%.
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