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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1898)
 Accounting General interview questions  Accounting General Interview Questions (2808)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4359)
Question
What is the present Central sales tax rate in India? Also 
let me know the maxium and minium sales tax rate in India.
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
There are two type of sales tax one is paid to center that
is 2% and says CST and other one is VAT it differ satae to
state in Karnataka it is 4, 12.5, 1% for different items.
 
Is This Answer Correct ?    300 Yes 57 No
Sudhansu Sekhar Dash
 
Answer
# 2
Central Sales Tax , 2%
In their respective State VAT Rates are following like 4%,
12.5% and 1% on TOT apart from this may be tax on petrol
and gold may higher percentage may be imposed
 
Is This Answer Correct ?    141 Yes 47 No
B Srinivasarao
 
 
 
Answer
# 3
THERE IS TWO TYPE OF CENTRAL SALE TAX FULL RATE OF CENTRAL
TAX IS 12.5% IF PARTY GIVE US FORM C THEN IT WOULD BE CST2%

MAXIUM SALE TAX IS 20% ON ALKOL & MINIUM IS 1% ON GOLD
 
Is This Answer Correct ?    105 Yes 28 No
Sourabh
 
Answer
# 4
If we trensfer goods from one state to another CST
applicable @ 2% against form "C"
If the second party unable to provede C form then the CST
would be charges @ 4%
 
Is This Answer Correct ?    109 Yes 44 No
Kulpreet Singh
 
Answer
# 5
1) If we trensfer or sale goods from one state to another,
CST applicable @ 2% against form "C".
If the second party unable to provede C form then the CST
would be charges @ 4%.
2) other sales tax is vat which are 4%, 12.5% and 1 %.it's
depend on state.
 
Is This Answer Correct ?    68 Yes 19 No
Santanu
 
Answer
# 6
central sale tax 2% provide c form says cst. and outher one
is vat it differ state. in maharashtra it is 4%, 12.5% &
1%. i think gold is 1%.
 
Is This Answer Correct ?    29 Yes 0 No
Dhananjay Senapati
 
Answer
# 7
the present Central sales tax rate in India 4% without
cform,with cform 2%

Sales Tax rates are - 1%, 4% % 12.5% .
 
Is This Answer Correct ?    39 Yes 14 No
Koushik Biswas
 
Answer
# 8
there are two types of sales tax in india 1.central 2.
local sales tax
locl sales tax 1%, 14.5%,4% (14.5%with effect from jan 15
2010)
central sales tax 2% with c form ,
with out c form 4%
 
Is This Answer Correct ?    40 Yes 15 No
Suraj
 
Answer
# 9
There are two types of sales taxes 1)Local Sales tax & 2)
Central sales Tax

With Form "C" - 2% applicable for CST
Without form "C" - 4% applicable for CST

Sales Tax rates are - 1%, 4% % 14.5% are going.

Regards
N.Shankar
9493105361
 
Is This Answer Correct ?    50 Yes 28 No
N.shankar
 
Answer
# 10
the present central sale tax in india 4% without form c.
with form 2%.
 
Is This Answer Correct ?    51 Yes 30 No
Raghendra Pratap Singh
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
how to calculate sub contract tds his bill 48500? Capital-IQ 6
what are taxes imposed in mumbai if goods comes from vijayawada to mumbai   1
If, we rentout our fixed asset. is this transaction appliocable to service tax   1
Is the sales tax or vat applicable on sale or purchase of building and other fixed assets.   4
mr. x earns a salary of rs. 34000 p.m, but mr. x assures that he is going to produce investment suppoting of rs. 69000 eligible u/s 80C but fails to produce how to throughtout the F.Y ho to calculate tds per month??? ICA 1
SERVICE TAX RATES   4
what is TDS and which apply on and its what is diffrent rates on diffrent items.   1
I want to know for Financial year 09-10 i.e 01.04.09 to 31.03.2010 what is the Assessment year TATA 9
What is the meaning of "ROC"? pls give detail information regarding ROC procedure.   11
Why buyer have to issue C forms & what is the issue   1
As I am an Individual person doing jobwork with a company name x. After doing jobwork I am going to sale the shoes in local market. Please tell what is the tax % I have to take. Whether 4% or 12.5%.   2
is all type of tds is refundable or not please explain?   1
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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