Cst tax rate- reg

Others 418 views 1 replies

M.Shanmugasundaram

Accounts

234 Points Joined July 2010

Dear Sirs,

What is procedure for CST Return filing method ?

For Example, As per VAT.... payment method is

OP VAT + Output Vat - Input Vat = Net Vat Payable.

How to use CST tax calculation method ?

and how to use CST tax payment method with C form / and Without C form.

Plz help and explain me.

Regards,

M.Shanmugasundaram

Replies (1)

C.A. Sandeep Wawhal

CA PGDFM BCom

1831 Points Joined June 2010

Sir, Entity cannot claim cst on OMS purchase and hence CST Collected on OMS sale is payable. Hence Output CST - Input CST is not applicable here. When OMS Sale against form C cst rate should be 2% otherwise local vat rate as per schedule of sales tax department.