NOTIFICATION OF CST 3% TO 2%

let us know rate of CST. w.e.f. 1-4-2008

i hope this will help ur query

                The union budget of india 08-09, has already got ascent of President of INDIA,even then is there  need of any further notification to empliment 2% rate of CST.

acc to my cto (chennai) there is need of notification...

but some states like AP and Karnataka have already adhered to the 2 % ; there is some confusion then later the traders ( if 3% is certainly to be followed) will have to raise a debit note for the diff 1 % and collect the same from their buyers;  which 1 % no buyer will pay even if you raise debit note.

so please wait for the end of this month lets see 2 or 3.

KINDLI MAIL ME THE NOTOFICATION TO ENABLE US TO SUBMIT TO  OUR CUSTOMERS

there is no notification for the continuance of 3 %. it is understood till the new notification ( 2%) comes this 3% continues.

If I had charged 2% CST than what will be the concequence.

Commissioner of Commercial Taxes Tamil NAdu had expressly stated that tehrate of CST will be 3% till the notification is passed by GOI.It may be retrospective or prospective.Pleas echarge 3% till then.

I understand from the press statement issued with regard to chief minsters conference with Union Finance Minister that the C.Ms are particular about centre's stand to compensate the revenue loss to be incurred by states on account of CST reduction which is to a tune of 425 crores. At the end of the meeting it is informed by Centre that GOI is ready to compensate to the extent of Rs. 400 crores which was agreed by Chief ministers. Accordingly a decision is said to be taken to implement the reduction of CST from 3% to 2% w.e.f 1.5.2008.  However a notification or confirmation in this regard is yet to be issued by the Government.

Please go through the Notification No. 1/2008-CST-F.No.28/11/2007-ST of R.G.



Chhabra, Undersecretary to Government of India reducing the CST Rate from 3%  to 2% effectuve frin 16.2008.I hope this will solve your query.

if you found an official notice then you go through that particular rules ony, you should be follow what hass that recent notice