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CST rate reduced by State Govt.

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(Querist)
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
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
10 June 2009 Yes, State government can reduce the cst but it can not increase this.
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Abid Ali

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Abid Ali (Querist)
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
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