Cst applicable at 1 %
MAYANK SINGH NEGI (ACCOUNTS EXECUTIVE) (29 Points)
29 August 2016MAYANK SINGH NEGI (ACCOUNTS EXECUTIVE) (29 Points)
29 August 2016
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 29 August 2016
Actually applicable rate of CST against C-form would be rate of VAT or 2%, whichever is lower. So I guess in this case, such items are taxed @ 1% for intra-state sales.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India