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Central Sales Tax

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(Querist)
02 January 2011 Dear Sir/Madam,
I wish to know some basic things about CST.i.e. Actually who will get the Tax amount of CST? whether the concerned State Govt or Central Govt.?
Why the CST only Lower rate when compared to the Vat Rate?
Why should we issue the C form ? Whether one state Govt can reimburse the loss of revenue by the CST by C Form?

Regards,
S.Jegadeesan.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
03 January 2011 1. State govt. take the tax, no payment to other state.

2. Form C is proof of inter state transaction.

3. Because in case of first purchase , further tax is charged under VAT, Inter state transaction are dealt by authorized dealer, other has to pay full tax.
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S.Jegadeesan

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S.Jegadeesan (Querist)
03 January 2011 Thank you so much
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