WHAT WILL BE THE RATE OF CST NEXT YEAR?
-CA SUDHIR HALAKHANDI
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CENTAL SALES TAX
Replies (3)
it will be 1% in order to implement GST.
WHEN GST WILL BE INTRODUCED THE CST WILL BE SCRAPPED BUT IT WILL BE IN 2010.
IN 2009-10 THE RATE OF CST WILL BE REDUCED FURTHER TO MAKE IT 1 PERCENT BUT IT WILL NOT BE FROM 1ST. APRIL 2009 BUT FROM THE DATE WHICH WILL BE NOTIFIED BY THE CENTRAL GOVERNMENT.
IN 2008-09 THE RATE WAS REDUCED FROM 3% TO 2% AND IT WAS DONE AFTER LONG DELIBERATION WITH THE SATES AND THE EFFECTIVE DATE WAS 1ST. JUNE 2008.
it will be 1%
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