CST

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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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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.

Nitin

Nitin (Expert)
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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)

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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.

Nitin

Nitin (Expert)
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13 December 2010 I think there is an amendment to this & this position was before , will recheck again .

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