Cst rates
This query is : Resolved
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 ".
please consider it and answer the same...
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 ".
please consider it and answer the same...
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 .
Thanks
KLS
Thanks
KLS
Message likes :
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19 April 2016
Agree with Kanak sir, Purchase against C Form is 2% and without C form then full tax will be applicable subject to state vat rate.
Message likes :
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25 April 2016
on purchase cst rate will apply according to the seller state act not for your state act.
you can buy goods against C form .
you can buy goods against C form .
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