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Components for calculating CST

This query is : Resolved 
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(Querist)
20 November 2008 I want to know whether transit insurance is to be included in calculating Central sales Tax?
For Example:

Basic Price 100
Excise duty(14.42%) 14.42
Total 114.42

Cst will be calculated at the rate of 2% on 114.42.Whether transit insurance is to be included along with excise for sales tax levy.
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Mcgupta

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Mcgupta (Expert)
20 November 2008 If goods are sold on ex-works - No

But if goods are sold on FOR basis - Yes
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
22 June 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
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