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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1905)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4371)
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 ?    304 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 ?    143 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 ?    107 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 ?    112 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 ?    71 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 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 ?    41 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
the present central sale tax in india 4% without form c.
with form 2%.
 
Is This Answer Correct ?    52 Yes 30 No
Raghendra Pratap Singh
 
Answer
# 10
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 29 No
N.shankar
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
TDS IS REFUNDABLE?IF YES OR NOT GIVE REASON.   3
In the excise bill I have applied basic excise duty only. The excise duty of cess(2%) and Hcess (1%) is not applied. Is this correct???   1
Wat is 80cc? and examples Satyam 4
We are generally give order to the printing company for printing our uniqe file,calender,sovenour,answer sheet,envelop etc, when company submite the bill it charge the bill includes vat@4%, so can we deduct the TDS on total invoice value or only cost amount (exclude the vat).   8
A person buys and sells a number of vehicles in a tax year and makes a significant amount of profit in the process. Will such profit be taxable as capital gain?   3
what is Input and Output TATA 2
Ours is a SSI unit manufacturing Leather Footwear In himachal Pradesh . We send the Some Material for JOb Work in other state like pujnab, Haryana , and last finishing done at our end , are job worker required to pay service excise duty or service tax or other any taxes Carlton 2
How to Calculate FBT   1
what is tds?   5
SERVICE TAX RATES   4
what is the property tax? plz tell me the information with full details   2
what is the different between CST , VAT, and Excise Duty ? L&T 12
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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