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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1893)
 Accounting General interview questions  Accounting General Interview Questions (2782)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
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 :: Anirban
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is the present Central sales tax rate in India? Also let me know the maxium and minium sales tax rate in India.
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 ?    287 Yes 54 No
Sudhansu Sekhar Dash
 
  Re: What is the present Central sales tax rate in India? Also let me know the maxium and minium sales tax rate in India.
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 ?    135 Yes 46 No
B Srinivasarao
 
 
 
  Re: What is the present Central sales tax rate in India? Also let me know the maxium and minium sales tax rate in India.
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 ?    96 Yes 27 No
Sourabh
 
  Re: What is the present Central sales tax rate in India? Also let me know the maxium and minium sales tax rate in India.
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 ?    102 Yes 42 No
Kulpreet Singh
 
  Re: What is the present Central sales tax rate in India? Also let me know the maxium and minium sales tax rate in India.
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 ?    66 Yes 18 No
Santanu
 
  Re: What is the present Central sales tax rate in India? Also let me know the maxium and minium sales tax rate in India.
Answer
# 6
the present central sale tax in india 4% without form c.
with form 2%.
 
Is This Answer Correct ?    49 Yes 29 No
Raghendra Pratap Singh
 
  Re: What is the present Central sales tax rate in India? Also let me know the maxium and minium sales tax rate in India.
Answer
# 7
There are two types of Sales Tax in India, Namely, Central
and Local Sale Tax. Central Sale Tax is 2% with Form C and
3% without form C. Local Sale Tax is differentiate
according to Item Description i.e. 1%, 4%, 12.5% & 20%.

Regards,
Dhiraj Singh
 
Is This Answer Correct ?    32 Yes 26 No
Dhiraj Singh, Unique Infoways
 
  Re: What is the present Central sales tax rate in India? Also let me know the maxium and minium sales tax rate in India.
Answer
# 8
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 ?    47 Yes 27 No
N.shankar
 
  Re: What is the present Central sales tax rate in India? Also let me know the maxium and minium sales tax rate in India.
Answer
# 9
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 ?    36 Yes 14 No
Koushik Biswas
 
  Re: What is the present Central sales tax rate in India? Also let me know the maxium and minium sales tax rate in India.
Answer
# 10
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 ?    38 Yes 14 No
Suraj
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
What is Sale tax Assessment? When it required ? what is the basic query's to do this??????????   4
what do you mean by C form , meaning and example   11
HOW TO FILE TDS/TCS TAX CHALLAN AND WHAT IS THE LAST DATE FOR THIS   2
how many forms of vat return is ABC 2
V R MAKING COMMERCIAL CUM EXCISE INVOICE,THEN HOW INVOICE NUMBER CAN BE GIVEN COMBINDLY OF TAX INVOICE/RETAIL INVOICE AND EXCISE INVOICE.   2
if a total slary of a person for year is 200000 presently then what is the income tax amount to be deducted? how should be the calculation? how the entries to be done in tally?   1
what is the treatment of minimum alternate tax, and it's calculation procedure HCL 5
I want to now that if we have excises of input of Excise duty but not cess due the add duty on capital good can be adjusted agst 10 % excises so can we pay only cess amount.   1
can we issue c form on purchase of mould and die   5
can any one explain why tds receivable comes on loans and advances(assets)..?   1
what do u mean by excise duty?   2
Journalise the following Entries? Outstanding salary of rs. 20000/- Prepaid insurance of rs. 5000/- OPI-Global 13
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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