What is current CST rate?
2 Replies
V. Devananda Narasimham
(Advocate)
(248 Points)
Replied 13 December 2013
Sir,
According to Sec 8 of the CST Act, rate of tax against C form declaration is 2% or rate applicable on those goods in the appropriate State whichever is less. If the rate of tax under the State law is 1%, CST rate will be 1%. Similarly if the State rate is 5% or 14.5%, in the absence of C form CST rate will be 5% or 14.5% and it is 2% against C form.
Thank you.
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