Dear All, As you know as per Budget 2008-09, CST rate is 2% since 1st April 2008. But till time no notification is coming from Sales tax department. Then what we have to charged 3% or 2%. Please give solution asap. Thanks & Regards CA. B.K.BANSAL
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NOTIFICATION OF CST 3% TO 2%
Replies (175)
hi, till the time it does not get notified the effective rate will remain the rate which is notifed i.e,3% instead of 2%........thx
in central budget 08 the proposal is that 2% cst efficative from 1-4-2008 and they also proposed up till 2010 the cst will be nil so as per my openion 2% will take effect 1-4-2008
I endordsed the view expressed by Mr Randhir Kumar, Till notified rate of CST will remain 3%.
Though the rate of CST has been reduced from 3% to 2%, no notification has been issued in this respect. As such there is no other option but to charge CST @ 3%. Also in the respective state budgets it has been said that amendments will take place after the notification has been issued. We are also charging CST @ 3% in the absence of any notification.
since no notofication received till date it will be 2%....
sorry i have mentioned by mistakely 2% actually it will be 3% ....
hello cst rate 1/4/2008 se 2% ya 3% plz reply
It will be 3% till such time the notification issued. Chennai Commissionerate had already issued a directive to the departmental officers conforming CST rate 3% till such time notification conforms the rate. Therefore, please carry the sales billing by charging CST rate at 3% as usual, and if later on, the CST rate 2% is conformed retrospectively from 1st April; adjustment can be made by issuance of credit note.
wat will be the rate of cst from 1.4.08 2% or 3%
CST NOTIFICATION NO. PLEASE
In Central budget 08 the proposal is that 2% cst efficative from 1-4-2008 and they also proposed up till 2010 the cst will be nil so as per my openion 2% will take effect 1-4-2008. So we have start the billing under C.S.T. 2%. It is ok or not, please inform immediately.
Today, 8th April 2008, Chief Ministers of all States met with Finance Minister of India to decide the final otutcome for reduction of CST from 3% to 2%. No fruitful result came and as shown in the www.taxindiaonline.com that "UNCERTAINNTY HOVERS OVER CST RATE CUT NOTIFICATION; 3% RATE CONTINUES TO PREVAIL".
Regards,
Man Mohan Gupta
Executive -Sales Tax (JSL)
Today, 8th April 2008, Chief Ministers of all States met with Finance Minister of India to decide the final otutcome for reduction of CST from 3% to 2%. No fruitful result came and as shown in the www.taxindiaonline.com that "UNCERTAINNTY HOVERS OVER CST RATE CUT NOTIFICATION; 3% RATE CONTINUES TO PREVAIL".
Regards,
Man Mohan Gupta
Executive -Sales Tax (JSL)
sir pls send me new tds chart
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