Query about cst rate of 1%

THE RATE OF CST FOR THE MANUFACTRING INDUSTRY IS 1% (CONCESSIONAL IN H.P.). 

cst is lower of

1) 2%

or

2) local vat rate

As per CST act the rate of CST to be levied is LOWER of CST Rate or the Local Rate ....

all above anwers to ur querry r incorrect..

nw i wil tel u buddy dat what's d rite ans.

if u r manufuring concern which is working in H.P. den according to exemption notification published under official gazette(raj patra) of H.P. excise & taxation act, u r liable to pay only 1% CST for interstate sales of manufactured items... means der is concession.

but if u r trading entity den u r liable to pay 2% or local vat rate whichever is higher..

i hope u r satisfied nd kindly ask as many questions in future from me in future if u like.... ha ha ha :-)

ACA Rajeev Aggarwal with ACA Yogesh Dua 

Both are in practice yo!