Why is the notification for reduction in CST 3% to 2% is not been issued, inspit of budget recommendation.
If issued later what will be the effect whether prospective or retrospective...???
 

Notification for continuance of 3%?

Since no notification received from sales tax department, existing notification for charging CST @ 3% will be effective even after 1st april 2008.

when will notification comes out for cst 2%.

please tell me about site to download cst notification. please.....

Yes, we have to wait for Notification.

Another info suggest that it may get issued very soon and may be made feective from 1st May 2008.

sir

please sugessted me what will be charge in cst Invoice 3% or 2%

When notifiation is comes

thank

We have No any Notification given by saletax department till date , we are debited to our debtors in old rate @ 3%.

Rajkamal Pandey

Accountant

For ActionIspat & Power Pvt Ltd

We have No any Notification given by saletax department till date , we are debited to our debtors in old rate @ 3%.

Rajkamal Pandey

Accountant

For ActionIspat & Power Pvt Ltd

Since the FM fas already announced in Budget for 2008-09, the reduction of CST rate with effect from 1.4.2008 from 3% to 2% and this Budget have already been approved by the parliament , we should charged CST @ 2%. There is no need of issuing notification when the Budget has been paased by the Parliament and duly been approved by Hon'ble President of India.

Dear All,

On 8th April-08 meeting completed with Empowered committe of State Finance Minister & With Mr.Dasgupta he is a head of Vat. After completion of meeting Hindu news reporters asked Mr.Dasgupta whether the cst would be cut with retrospective effect from Apr- 1,Mr.Dasgupta said tax matters were not issually implemented with retrospective effect and Apr-1 has gone.We will do it as soon as possible he said.

Hence there is no retrospective effect.

The same news is published in Hindu on 09.04.08 and meeting date is 08.04.08

S.Sunder

Dear sir

please sug. me what percentage will be charge in cst Invoice 3% or 2%?

confirm.

regards

B.Chandrasekaran

till the govt notifications come and till a solution is found out by the finance minister what amount of loss to be reimbursed to the states  the 3% will continue