C.S.T QUERY

 

FOR NOV 2007 PE2 Exam,

Which rate of CST r u guys following?

The Old rate of 4% or the new rate(w.e.f. 01.04.07) of 3%.

Also, are the changes made in respect to sales made to Govt(as notified in the RTP), applicable in this term? viz.

(1) No CST exemption in respect of subsequent sale to Government

(2) Concessional rate of tax not applicable on inter-State sale to Government

PLS HELP,

THANKS.

Replies (7)
hi jeet for this exams actully finance act 2006 is applicable.but by seeing RTP i also got doubt about this.
PLS help guys!!!! Doesnt any1 hav any idea ?
Jeet, even I have the same query. Pls somebody help.
WHAT WILL B THE CST RATE FOR NOV 2007?
4%.no doubt.
ya now cst rate is surely 4% no doubt about that.but friends make a note in exam about amendments for examiner reference.
solve your answer with two options.... Option I : as per finance bill 2006 Option II:as per finance bill 2007 marks will be definately allowed.

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