CST
This query is : Resolved
Manasa Ranjan Samal
(Querist)
08 February 2011
Sir,
When we sell goods for outside the states & charges CST@2% against Form-C. Is there any change in %ge of CST for goods @4% and goods @12.5%? & suppose the buyer did not submit Form-C taking goods @12.5%. In that case, Whether we will charge balance tax i.e, 10.5%=(12.5%-2%)or others?
Kindly reply.
When we sell goods for outside the states & charges CST@2% against Form-C. Is there any change in %ge of CST for goods @4% and goods @12.5%? & suppose the buyer did not submit Form-C taking goods @12.5%. In that case, Whether we will charge balance tax i.e, 10.5%=(12.5%-2%)or others?
Kindly reply.
CMA Ramesh Krishnan
(Expert)
09 February 2011
The goods purchased from Inter state CST only will apply, if the buyer providing C form they can get concession rate of 2 %, if the buyer not able to provide C form the local VAT rate charged as CST. so if rate is 12.50%, then CST rate is 12.50% only
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