Surcharge

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Satendra

Satendra (Querist)
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09 March 2010 I want to know whether surcharge of 10% on Punjab VAT is applicable on CST also

CA Prashant Gupta

CA Prashant Gupta (Expert)
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09 March 2010 no, CST is separate from VAT or salaes tax. there is no surcharge on CST

Satendra

Satendra (Querist)
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09 March 2010 thanks for your reply. It means one can sold goods on CST @4% & 12.5% or rates for CST in punjab will be 5% & 12.5%

Satendra

Satendra (Querist)
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09 March 2010 thanks for your reply. It means one can sold goods on CST @4% & 12.5% or rates for CST in punjab will be 5% & 12.5%

Amit Bajaj

Amit Bajaj (Expert)
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09 March 2010 As per section 8(2) of CST Act 1956 the surcharge will be applicable on CST too in case of undeclared goods sold to a person without C form. However no surcharge will be leviable on CST if goods are sold against C forms.

Surcharge is also applicable on CST chargeble on those declared goods on which the PVAT rate is less than 4%

Satendra

Satendra (Querist)
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10 March 2010 Mr Prashant is saying there is no surcharge on CST while Mr. Amit is saying surcharge is also applicable on CST. Can anybody clear this confusion

Amit Bajaj

Amit Bajaj (Expert)
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10 March 2010 Dear Satendra there is no confusion. As per section 8(2) as ammended by Taxation Laws (Ammendment)Act of 2007 If the interstate sale is made to an unregistered dealer or without C form then the CST will be the same as the tax applicable on the goods sold under the state act. Hence the surcharge will also be applicable on the CST

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