What is connection of sales tax calculation.
This query is : Resolved
26 July 2013
Dear expert,
please provide guidance for sales tax background and what is sales tax in real term. why cst is 2% and Vat is 5%?
please provide guidance for sales tax background and what is sales tax in real term. why cst is 2% and Vat is 5%?
RENGARAJ R.K
(Expert)
26 July 2013
Dear Ankur,
CST : means Central Sales tax i.e materials are moved from one state to another state and therefore based on the local rates the CST is collected @ 2% against C forms.
VAT: VAlue added Tax 5% .This is collected for intra sale means within the state and every seller has to collect 5% till it reaches the consumer.
CST : means Central Sales tax i.e materials are moved from one state to another state and therefore based on the local rates the CST is collected @ 2% against C forms.
VAT: VAlue added Tax 5% .This is collected for intra sale means within the state and every seller has to collect 5% till it reaches the consumer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Oct 2025 Invoices
- Unable to File TDS Q2 Return – New TRACES Portal Error
- EPF ECR NEW RULES Sep 17th 2026
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
