dear mr zia,
You will have to pay at 3% to the sales tax dept whereas you have collected only 2%; The balance 1% either you collect it from your buyers by sending debit note or you pay from your pocket if they are not agreeable to pay or they wont pay.
dear mr zia,
You will have to pay at 3% to the sales tax dept whereas you have collected only 2%; The balance 1% either you collect it from your buyers by sending debit note or you pay from your pocket if they are not agreeable to pay or they wont pay.
In this budget it is a very specific proposal to levy cst @ 2% w.e.f. 01.04.2008. It is only administrative measure to issue the notification. It should be w.e.f. 01.04.2008 only i.e. notification should have retrospective effect.
even VAT set-off retained @ 3% can be modified to 2% i.e. VAT retention will also be 2% only. Maharahtra Govt. has specifically amended MVAT Act and linked the VAT retention with CST rate. Hopefully other states have also done the same.
If CST @ 2% is w.e.f. 01.04.2008, irrespective of date of notification, VAT retention is also 2% only.
Dear,
West Bengal Finance minister Mr. Asim Dasgupta already told that no any provision in respective law for restrospective effect for difference in cst rate,therefore we should have a clear perception about it.
Dear
sir Please confirm me handicraft Item vat Rate in Delhi.
WHAT IS RATE OF TAX OF CST AGAINST FORM C IN A.Y.2008-2009
WHAT IS RATE OF TAX OF CST AGAINST FORM C IN A.Y.2008-2009
it is 3% against C form.
it is 3% against C form.
it is 3% against C form.
now Present time what is rate of CST Tax
it is 3% AGAINST C form
it is 3% AGAINST C form
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