G.M. Finance & Accounts
116 Points
Joined March 2008
Mr Ganesh
CST is 2% not 3%.
If you have sold some goods to a dealer out side your state, u need to submit form C from the buyer on quarterly basis, to the department. If in case you fail to collect c form from the buyer, u need to pay the difference of tax i.e., difference of rate of tax in your stae and applicable CST.
With out form C means, even though you have sold to a dealer outside your state, the sale will be considered as sale with in the state and applicable tax need to be paid. for eg. 12.5%-2%