Cst rate applicable
prasad (CA Final Bcom(Taxation) Sr Audit Team L) (71 Points)
11 June 2012prasad (CA Final Bcom(Taxation) Sr Audit Team L) (71 Points)
11 June 2012
Harshal Fifadra
(Chartered Accountant)
(1489 Points)
Replied 12 June 2012
Dear Prasad
Had your customer be a registered dealer it would have been an exact section 6(2) sales as per CST ACT,1956
Since your customer is URD you will have to charge the CST RATE . The CST RATE would be the rate that would have been applicable if the sale was made locally i.e if the sale of goods attracts 5% locally then CST @ 5% would be applicable ..
Ok ....
prasad
(CA Final Bcom(Taxation) Sr Audit Team L)
(71 Points)
Replied 13 June 2012