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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 (1904)
 Accounting General interview questions  Accounting General Interview Questions (2830)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
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 ?    303 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 ?    142 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 ?    112 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 ?    70 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
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
 
What is TIC according to ESIC? What is PIC according to ESIC? Please clarify?   1
How can you know assesse type for tds deduction from PAN No. Like Company,association like that   2
PERSON RECEIVED THE GIFT THIS PERSON IS TAXABLE OR NOT. IF IT IS TAXABLE THEN WHICH LAW (ACT)IS APLICABLE AND UNDER SECTION.....   1
I paid TDS through the bank a/c. but i entered wrong TAN no. instead of HYDC04387F I ENTERED HYDCO4378F ,and pl. tell me what can i do and how can i change TAN no.   5
hi how much deducted tds on intrest,rent,contract, subcontract, what is the new rat of tds? Maruti-Suzuki 5
What is Sec 10A under Income Tax.   1
what is the diffrence b/w TIN and CST both are same?   3
I have an interview, they are asking direct and indirect taxes and exp. pls tell me any one regarding this which type of questions they will be asking.   3
From when is the increased excise duty @2% applicalbe, is it from day it was announced or from 1st April 2010 .   1
in L & T they asked me about service tax question in which situation when we take service from others & we paid billing amount yet we cant take credit service tax but we paid service tax on behalf of others party. L&T 1
what is tax deduction on monthly salary MNC 1
what is E.S.I, P.F rates and working notes   7
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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