Ceiling rate on Declared goods under CST Act incresed to 5%

Amit Bajaj , Last updated: 02 March 2011 Share Follow on Google News

It has been proposed in the Budget 2011-12 to increase the ceiling of 4% on declared goods under section 15 of CST Act to 5%. Currently State Governments cannot levy VAT more than 4% on declared goods. Declared goods are those goods which are of special importance and have been defined

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Amit Bajaj
Tax Attorney

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I am an Advocate.I have done B.com, LL.B. I have been practising tax laws including Income Tax, VAT,Service Tax as an Advocate for last 8 yrs and a professional writer on tax laws. Also have a blog wherein I have been writing articles for 3 yrs now http://www.amitbajajadvocate.com My articles are also be .. Read more

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Ceiling rate on Declared goods under CST Act incresed to 5%

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