For the F.Y. 2008-2009 shall we take balance 10.5% ( 12.5% - 2% ) or 2% ( 4% - 2% )
Because the CST rate has been reduced to 2% from June onwards.
My question is , the % which we are deducting must be similar to CST rate. Because in F.Y. 2005-2006 we are dedudting 4% , in F.Y. 2006-2007 we were deducting 3% which is equivalent to CST rate equivalent to that year.