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What is the cst rate applicable currently

Sonal Katariya (Salaried) (29 Points)

20 May 2008

What is the cst rate to be charged currently by the companies based in maharashtra. Whether there are any changes in 3% cst after president' s assent to the finance bill 2008.

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28 Replies

Santosh Mehra (Articles Student) (72 Points)
Replied 20 May 2008

No notification has yet been issued for 2% CST and the rate so applicable now is 3% as it was charged the FY 07-08 only

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(Guest)

CENTRAL SALE TAX @ 2%

Amit Sharma (article) (2677 Points)
Replied 20 May 2008

Till the notification of CST @ 2% passed in the Finance Bill comes out , till such time CST will be applicable @ 3%.

CA.Prathik Gupta (62 Points)
Replied 20 May 2008

From MAy 10, 2008 onwards, its 2%

chetan (Student) (322 Points)
Replied 20 May 2008

currently its 3%

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CA Hemant T Dewani (Chartered Accountant) (3356 Points)
Replied 20 May 2008

No.CST-1007/1/Adm-3/Adm-5

Trade Cir. No.14 T of 2008
Mumbai, Dt.15.04.2008

Sub: Rate of tax under Central Sales Tax Act, 1956 from 1.4.2008.

Gentlemen/Sir/Madam,

In his speech on the Budget Estimates the Hon’ ble Union Finance Minister has declared that the rate of Central Sales Tax will be reduced from 3% to 2% from w.e.f. 1st April 2008. However, the Notification regarding reducing the rate of tax from 3% to 2% has not been issued so far by the Union Government. Therefore, rate of tax under Central Sales Tax continues to be 3%. It is hereby made clear that dealers should continue to collect and pay Central Sales Tax @ 3% on their inter-state sales from 1st April 2008. Any change in the applicable rate will be brought to the notice of the trade.