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Whether CST to be Remitted to Central Goverment

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(Querist)
12 March 2008 Is the State required to remit CST collected to the central goverment
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
13 March 2008 Not sure. How ever, it appears that CST too goes to state's exchequer. That is why the Central Govt compensates the states for loss incurred due to gradual abolition of CST.

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