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
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