Sales tax rate forms & rates

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ASHISH KUMAR (Querist)
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25 August 2012 sir,

i am know the every forms of sales tax
and also want to know what is central sales
and state sales and which sales is 5%,2%, and 12.5% . what role of c forms in sales tax

sir, i request you please give me answere

Regard
Ashish kumar

VIKAS GOYAL

VIKAS GOYAL (Expert)
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25 August 2012 Dear Ashish,

Central Sales also known as sale in the course of interstate trade or commerce is that sales which occasion the movement of goods from one state or another. if a central sale is made to a registered dealer and he is ready to give form C, then such buyer will be
charged a lower rate of sales Tax that is 2%.
As far as sale at 5% or 12.5% is concerned let me clarify that different goods have different rates of tax. when sale is made to local dealer within the same state or to an unregistered dealer in the other state then maximum rate of Tax applicable on a particular commodity is charged. when sale is made to a local dealer VAT is charged and when sale is made to a dealer in the other state CST is Charged. Input credit can be taken against the VAT but No input credit is available against CST.

All the Best

Vikas Goyal

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