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CST

S. Banerjee (Practising Cost Accountant. Core area- C) (622 Points)

05 April 2008

Can anybody tell me what is the existing rate of Central Sales Tax?

Wating for you reply,

S. Banerjee

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8 Replies

CA. Dashrath Maheshwari (TaXpert) (15108 Points)
Replied 05 April 2008

Existing CST rate applicable from 01/april/2008 is 2%, earlier it was 3%.

See www.unionbudget.nic.in

C.rajesh (Articles) (1392 Points)
Replied 05 April 2008

sunil (333 Points)
Replied 05 April 2008

Dear,

Can anybody tell me about notification of rate reduced to 2%?

If form C could not be issued /full rate of tax of the billing state will be charged.

Regards

Shyam Lal Naik (Service) (6158 Points)
Replied 06 April 2008

CST rate has been reduced to 2% vide Finance Bill, 2008. Is there any necessity to issue a separate notification?

The CST rate without C form is 4%.

S. Banerjee (Practising Cost Accountant. Core area- C) (622 Points)
Replied 06 April 2008

In the Finance Bill 2008 The UFM has proposed to reduce the CST rate from 3% to 2% but till date that has not been Notified. Under this situation what rate will be applicable ?

S. Banerjee

sunil (333 Points)
Replied 06 April 2008

My dear Naikji,

If it is not sure[without form c rate is 4%], we should keep silence, baseless answer create confusion as well as bad impression of members of CACLUB.

with warm regards

sunil