What is the difference between TIN no. and CST no.?
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
TIN (Taxpayer Identification Number) is issued by the
Commercial Taxes Department to an applicant under the VAT
Act of the concerned state.
CST No. (Central Sales Tax Number) is issued by the
Commercial Taxes Department to an applicant under the CST Act.
Both these are the Registration Numbers under the respective
Acts.
These abbreviations are explained only in the context of
Indirect Taxation in India.
| Is This Answer Correct ? | 153 Yes | 18 No |
Answer / shamija
If you have TIN No. you can purchase & sale goods within a
state.
If you have CST No. you can purchase & sale goods from one
state to another at lower tax rate.
Eg:- The Tax rate rate of an electrical goods is 12.5% in a
state. If you have TIN no, you should pay 12.5% tax at the
time of purchase. But if you have CST no., you can purchase
the same item from the outside state at 2% TAX
| Is This Answer Correct ? | 149 Yes | 15 No |
Answer / rahul r
TIN : It is only applicable under VAT.
CST : It is for Inter state.
| Is This Answer Correct ? | 86 Yes | 21 No |
Answer / kishor parmar
TIN (Taxpayer Identification Number) is issued by the
Commercial Taxes Department to an applicant under the VAT
Act of the concerned state.
CST No. (Central Sales Tax Number) is issued by the
Commercial Taxes Department to an applicant under the CST Act.
| Is This Answer Correct ? | 5 Yes | 5 No |
What is maximum limit of cash payment per day by a company?
What is the relationship between, issued share capital, share premium and paid up capital?
What is the difference between Depriciation and amortization?
5. What is cost of goods sold?
where do you get working capital?
DEAR ALL, HOW TO ACCOUNT THE SALARY ADVANCE A/c. I HAVE TAKEN AN ADVANCE OF Rs.25000/-. I HAVE DEBITED SALARIES ADVANCE A/c AND CREDITED THE PETTY CASH A/c in TALLY. I dont't know whether it is correct or not. If correct, in my individual ledger no entry is reflected. Alternatively, if I debit my self and credit petty cash a/c it is reflected in the P & L Account, but it is not an expense. and not reflected in the balance sheet, but reflected in P & L. I think I need to put a journal entry. Like debiting the salary account and crediting the salary advance account. Is this correct or not? Can any one help me please. my mail add: cdvijay100@yahoo.co.in or kmlnkml@live.com
why would you like to opt nbp
What is the trade balance ,what is the Trailbalance,
what is purchase consideration? How does it come about and how is it treated in the books?
What is a cash flow statement
What is MEan By Sundry?
how to mention last year profit of ay private limited company in current year balance sheet ?