CST rate reduced by State Govt.
This query is : Open
09 June 2009
Dear Friends,
I want to know whether a State Govt. can reduce the CST Rate in it's state without any consideration from Central Govt.
Actually Himachal State Govt. has reduced the CST 1% (from 2%) in continuation of State Industrial Policy 2004
Benefit of CST 1% under State Industrial Policy 2004
was applicable from 01-04-2004 to 31-03-2013.
But in the year 2007 it was decided to provide the concession only upto 31-03-09.
Now HP Govt. again issued a notification to extend the benefit upto 31-03-2013. But Central Govt. has not given any notification.
Is this possible ?
Aabid Hashmi
094184 78810
I want to know whether a State Govt. can reduce the CST Rate in it's state without any consideration from Central Govt.
Actually Himachal State Govt. has reduced the CST 1% (from 2%) in continuation of State Industrial Policy 2004
Benefit of CST 1% under State Industrial Policy 2004
was applicable from 01-04-2004 to 31-03-2013.
But in the year 2007 it was decided to provide the concession only upto 31-03-09.
Now HP Govt. again issued a notification to extend the benefit upto 31-03-2013. But Central Govt. has not given any notification.
Is this possible ?
Aabid Hashmi
094184 78810
10 June 2009
Yes, State government can reduce the cst but it can not increase this.
10 June 2009
Can you tell me under which section it is authorised.
As U/S 13, there is nothing like this.
Regards
Aabid Hashmi
As U/S 13, there is nothing like this.
Regards
Aabid Hashmi
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
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
