Govt withdraws statement on CST cut

Shyam Lal Naik (Service) (6156 Points)

31 May 2008  

It appears that we need to wait some more time to see CST rate cut to 2% as per the news report available at https://economictimes.indiatimes.com. It says : -

"The government withdrew a statement on Friday about reducing the central sales tax (CST) rate to 2.0 percent on inter-state sale of goods from June 1.

The finance ministry said it would issue a revised press release on the sales tax later. It gave no time for the release and gave no details what the changes would be"