Whether CST will be 5.5% or 5% in case sale out of punjab
This query is : Resolved
CA Mandeep Singh
(Querist)
16 April 2010
In Punjab Vat is 5% and 10% surchrge, whether cst will be 5% or 5.5% if C form is not given by buyer
sachin alwadhi
(Expert)
16 April 2010
THERE IS NO QUESTION OF SURCHARGE ON CST AS THERE IS AMENDMENTS IN ONLY PUNJAB VAT.
Amit Bajaj
(Expert)
02 May 2010
surcharge is applicable on CST if the C form is not given refer to section 8(2) of CST Act.
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 in the abovsaid case.
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 in the abovsaid case.
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