Cst rates

dwitichopra (CA Job) (198 Points)

29 April 2015  

Dear Members,

Please clarify my query regarding VAT rates in various situations as i was not able to find the answer to my question although i looked up many articles on the issue. From what i gathered, the rates are as follows in various situations: 

Nature of Goods Sale to registered dealer against Form C Sale in any other case
Declared Goods 2% or State Sales Tax (or VAT), whichever is lower Two times the rate of tax applicable to the sale or purchase of such goods in the appropriate state.
Other Goods 2% or State Sales Tax (or VAT), whichever is lower 10% or State Sales Tax (or VAT), whichever is lower.

Please correct me if i am wrong. Also has the facility of inter state purchases by government against Form D been abolished?

Looking for a quick response please also provide link to relevant circulars giving details of rates of CST in various situations.

Thanking You.