CST 5% and 13.5% where it applies and whether it is statewise or it commodity wise. If it is commodity wise for which commodity it applies. Currently i heard that CST all over india is 2% and in Banagalore then why collecting 13.5% for pharceuaticals products? Please tell me soon
02 February 2011
Under CST rule for rate of tax is very simple:
1. If inter-state sale is without C FORM then CST rate will be equal to VAT rate as applicable on that particular commodity in selling state.
2. If inter-state sale is with C FORM then rate of tax will be 2% (in some of the states rate of tax against C FORM is 1%, that is to say Himachal Pradesh, Uttarakhand and Goa (area based exemptiom))
CAclubindia
