19 April 2016
hi.... I am starting new business (trading of goods) in hyderabad. some of my business goods are exempted from VAT (Telangana) and some are 5% goods. if i do interstate purchases then CST is applicable.so now my doubt is "what is the CST rate for my goods?". can i get CST schedules like VAT schedules. do i need to submit/ obtain " C form ".
19 April 2016
If purchases made against c form then the Cst will be charged @2% , otherwise the cst will be charged by the supplier equals to his state VAT rate .
CAclubindia
