CST rate reduced by State Govt.

This query is : Open

Abid Ali (Querist)
Follow

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

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
Follow

10 June 2009 Yes, State government can reduce the cst but it can not increase this.

Abid Ali

Abid Ali (Querist)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SUMAN SAHA

CA Rahul Patwardhan

T E SOUNDARARAJAN

Hanuma Yanduri

CA Bijo scaria

Subscribe Now

CST rate reduced by State Govt.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Article Assistant

GST CONSULTANCY

Accountant

Manager- Finance and Compliance

GST CONSULTANT