Interested to Buy Any Domain ? << Click Here >> for more details...
What is CST ?
- 10 Answers
- 16160 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / abhivirthi
In India there are 35 States and Union Territories. If the
purchases or sales are between two dealers within the
state/Unior Territory i.e. both seller or buyer are in same
stateUnior Territory the business transaction will be
called as intra-state transactions i.e. local purchase or
local sales.
If a dealer sells or purchases goods from a dealer outside
the state the purchases or sales will be called inter-state
purchases or inter-state sales and such transactions will
be assessed under the Central Sales Tax Act 1956. Thus the
transactions between two dealers from different states were
governed by Central Sales Tax Act 1956 and tax levied on
such transactions is called Central Sales Tax i.e. CST.
| Is This Answer Correct ? | 16 Yes | 0 No |
Answer / syed shakir ali
CST Stands For Central Sales Tax in inter State purchases
have charge of vat and purchase of relating from other
states charge duty CST Instead Of Vat.
| Is This Answer Correct ? | 5 Yes | 0 No |
CST where as stands for Central Sales Tax, which is under
inter state sales and purchases. this tax@ 2% its depend
upon commodity.
| Is This Answer Correct ? | 4 Yes | 1 No |
What is the difference between trial balance and general ledger?
how do we pass the Entry for Reserves? and What is the Meaning of Surplus?
what is assest and liability? give examples
Period I :- Sales= Rs 15000. Profit= Rs 400. Period II :- Sales= Rs 19000. Profit= Rs 1150. Calculate : a) P/V ratio. b) Profit when sales are Rs 12000. Cc) Sales required to earn a profit of Rs 2000. d) Margin of safety in period II. e) variable cost in period I.
how calculate advance tax?
Mention what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
what is profit and loss(dr) in cash flow statement?
What is the difference betwween letter of credit and contract of gaurantee.........in what situations these will issued by whom?
What is double-entry accounting? Explain with an example?
Account for letter of credit in the books?
what is the mean of amountisation
how can i calculate annual turnover for a construction company
6 Answers Coss Construction Company, Sun Construction,
Audit 
