CST
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 December 2010
what is CST, does input credit allow in CST, what are the rate of Tax in CST
12 December 2010
CST is a tax levied by Central Government under the Central Sales Tax Act,1956 on movement of goods from one state to another by way of sale.
Input credit will not be allowed for CST vide the state VAT.
Present CST rate on the strength of C form is 2%. Without C form 10% or VAT rate which ever is higher.
Input credit will not be allowed for CST vide the state VAT.
Present CST rate on the strength of C form is 2%. Without C form 10% or VAT rate which ever is higher.
12 December 2010
I believe the present position is VAT rate whether it is 2% ,4% ,8% or 12% ,in all cases same as VAT rate(for without C form/unregistered dealer)
12 December 2010
Section 8(2)(b) of the CST Act,1956 is reproduced below:-
"in the case of goods other than declared goods, shall
be calculated at the rate of ten per cent or at the rate
applicable to the sale or purchase of such goods inside
the appropriate State, whichever is higher".
Pl comment.
"in the case of goods other than declared goods, shall
be calculated at the rate of ten per cent or at the rate
applicable to the sale or purchase of such goods inside
the appropriate State, whichever is higher".
Pl comment.
13 December 2010
I think there is an amendment to this & this position was before , will recheck again .
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- Specified Profession
- Suggestions required for income tax filing-software (FY 2025-26)
- GST ON DAMAGED GOODS
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
