Query about cst rate of 1%
Ankur (na) (252 Points)
01 March 2012Ankur (na) (252 Points)
01 March 2012
VIJAY SHARMA
(student)
(176 Points)
Replied 01 March 2012
THE RATE OF CST FOR THE MANUFACTRING INDUSTRY IS 1% (CONCESSIONAL IN H.P.).
Harshal Fifadra
(Chartered Accountant)
(1489 Points)
Replied 01 March 2012
As per CST act the rate of CST to be levied is LOWER of CST Rate or the Local Rate ....
Rajeev+
(PROPrietor)
(23 Points)
Replied 08 September 2012
all above anwers to ur querry r incorrect..
nw i wil tel u buddy dat what's d rite ans.
if u r manufuring concern which is working in H.P. den according to exemption notification published under official gazette(raj patra) of H.P. excise & taxation act, u r liable to pay only 1% CST for interstate sales of manufactured items... means der is concession.
but if u r trading entity den u r liable to pay 2% or local vat rate whichever is higher..
i hope u r satisfied nd kindly ask as many questions in future from me in future if u like.... ha ha ha :-)
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