The basic rule of CST is 10% or local VAT rate whichever is higher. If the local VAT is 12.5% then CST to be billed as 12.5% unless the billed delaer and the billing dealer are both registered dealers and are allowed to carry out a transaction under Form C.
Dear Sachi,
The basic rule of CST WAS 10% or local VAT rate whichever is higher. If the local VAT is 12.5% then CST to be billed as 12.5% unless the billed delaer and the billing dealer are both registered dealers and are allowed to carry out a transaction under Form C.
Regards,
Ranjit
What is the Rate of Tax (CST) for Hosiery Garments against Form "c". we are in tirupur. some of the traders charges 1% cst against "c" form. is it correct?