Hi all! Can u please tell me that what are the major statutory compliances along with their due dates to be done under Central Sales Tax Act.
Ruchika Gupta (Chartered Accountant) (247 Points)
20 June 2009Hi all! Can u please tell me that what are the major statutory compliances along with their due dates to be done under Central Sales Tax Act.
Sorabh Gupta
(Manager ( Taxation ))
(877 Points)
Replied 20 June 2009
Ruchika
Following complinaces under CST act. -:
- Every dealer liable to pay Central Sales Tax has to register himself with sales tax authority in prescribed form ‘A’ as per CST (Registration and Turnover) Rules; within 30 days from the date when dealer becomes liable to CST
- The Registering authority can ask for proper security from the applicant . Other documents required at the time of registration vary from State to State
- After he is satisfied and after obtaining required security, the dealer will be issued a Certificate of Registration in prescribed form ‘B’. A copy of the same will be issued for every additional place of business in the State.
- A dealer has to issue certain declarations in prescribed forms to buyers/sellers. These forms are forms C, E-I, E-II, F and H which are printed and supplied by Sales Tax authorities and are supplied by them.
C Form used for SALE AT CONCESSIONAL RATE
E-I & E-II form used for SUBSEQUENT SALE
F Form used for Stock Tranfer
H Form used for Export
- Due date for the payment of CST is as per the due date of VAT.
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