CST with out C'Form

This query is : Resolved

ramesh vadnala (Querist)
Follow

19 January 2008 we are bulk mfrs. and selling our products @4% in APVAT.
Wat is the rate of tax in CST sales to register dealer with out C'form and as well as unregister dealer under which section.. Please

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
Follow

20 January 2008 Re produced as below the notification clarifying your query

PRESS INFORMATION BUREAU
GOVERNMENT OF INDIA

CENTRAL SALES TAX (CST) REDUCED TO 3% FROM 1 ST APRIL, 2007

New Delhi: Chaitra 8, 1929
March 29, 2007

The Government of India, Ministry of Finance, Department of Revenue, issued the notification here today, to bring into force the provisions of the Taxation Laws (Amendment) Act, 2007, w.e.f. 1 st April, 2007. Through this Act, the following amendments, inter-alia, have been carried out to the Central Sales Tax Act, 1956 and the Additional Duties of Excise (Goods of Special Importance) Act, 1957:

a) The rate of CST on inter-State sale to registered dealers (against Form-C) shall stand reduced from 4% to 3% or the rate of VAT/ State Sales Tax applicable in the State of the selling dealer, whichever is lower.

b) The rate of CST on inter-State sale other than sale to registered dealers shall be the rate of VAT/ State Sales Tax applicable in the State of the selling dealer.

c) The rate of CST on inter-State sale to Government Departments shall also be the rate of VAT/ State Sales Tax applicable in the State of the selling dealer, indicated at (b) above. The facility of inter-State purchases by Government Departments against Form-D stands withdrawn.

d) Enabling provisions have been made for the States to levy VAT on Tobacco. Tobacco has been dropped from the First Schedule of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 as also from the list of declared goods, to enable States to levy VAT on Tobacco, at rate higher than 4%, without losing their share out of 1% devolution from the Divisible Pool of Central Taxes.

All these amendments as also other provisions of the Act shall be effective from 1 st April, 2007.

BSC/BY/GN-191/2007

kartik_somu

kartik_somu (Expert)
Follow

20 March 2008 Sale to registered dealer is 3 %.

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

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

venkanna setty

shubham agrawal

R.Prashanth

Nilesh Matekar

Jayesh Pipalwa

Subscribe Now

CST with out C'Form

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA