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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (159)
 Taxation interview questions  Taxation Interview Questions (1917)
 Accounting General interview questions  Accounting General Interview Questions (2844)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4376)
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 ?    307 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 ?    146 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 ?    110 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 ?    115 Yes 45 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 ?    74 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 ?    31 Yes 1 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 ?    42 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 ?    42 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 ?    53 Yes 29 No
N.shankar
 
Answer
# 10
the present central sale tax in india 4% without form c.
with form 2%.
 
Is This Answer Correct ?    53 Yes 30 No
Raghendra Pratap Singh
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
Tax Audit is compulsory to whom?   11
What is due date of Service tax deposit in case of Individual,properitor, and company   1
What is meaning of MAT? please explain in detail with an example?   7
how will you make vat returns?   1
i want basic formula to find vat 4% from the total bill   6
when company issue c form to the seller it has to issue full amount of purchases or it has to deduct the 2% of cst amt Ex; purchase for rs.10000/- which includes 40 cst we have to issue c form for rs.9960 or we have to issue for rs.10000/- which one is correct Wipro 18
When calculating tds on bill ,TDS need to be calclated on "Base Amount" or "Base Amount"+ "Vat Amount" ? please answer with relevant provision   4
Can the proforma/format of C Form (Sales Tax Form for interstate)be seen on any web site? What declaration is exactly made by the purchaser in that form?   1
a x company deduct tds against our bills so how i entry this type of transaction in talyy 9.0 ?   1
Please anybody tell what is a entry for Sales Tax & Income Tax refund received.   2
Under which head depreciation will come? OPI-Global 4
types of tax Banking 3
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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