WHAT IS CST & WHAT IT'S RATE ?

Answer Posted / sheetal

CST IS CENTRAL SALES TAX AND IT IS APPLICABLE ON INTERSTATE
SALES FOR EXAMPLE IF PERSON FROM MAHARASHTRA PURCHASES
GOODS FROM GUJARAT THEN THE SUPPLIER WILL CHARGE CST IN THE
INVOICE AND SEND IT TO THE BUYER IN MAHARASHTRA.
THE RATE BEFORE 1/6/2008 WAS 3%
BUT AFTER 1/6/2008 IS 2%
NOW CST RATE IS 2 %
THE ABOVE RATES DEFER AS THE DEALER MAY BE REGISTERED OR
UNREGISTERED AND DIFFERENT SATES ACT.

Is This Answer Correct ?    27 Yes 6 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Cenvat credit transaction journal entries. And what does the term reversal of credit means

1108


CASH SALE OF Rs. 10000/- WITH TAX. THEN WHAT SHOULD BE THE ENTRY BEHIND THIS IN BOTH SIDE SALES AND TAXATION.

1700


What are the deductions under salary head?

566


Apply for TDS certificate in bank for rent purpose is wrongly entry as 94C instead of 94I. Is any problem?

1374


Is Work Contract Tax expenses for a company?

1093






if salary paid per month Rs 80000/ I will deduct TDS from his salary, please what I do explain.(send Urgently)

963


What is Form 12A & Form-H and where is applicable.

4114


WHAT IS MEANT BY CST? DO THE SUPPLIER CLAIM CST 2% FROM THE PURCHASER? WHAT ARE ALL THE RULES TO BE FOLLOW WHILE THE BUYER PURCHASE A 'C'FORM FROM THE CTO?

1580


SELLER A : has a w/house in chennai and bangalore both and the BUYER B is based in chennai. SELLER A carries stock in both the locations. Can BUYER B buy who is based in Chennai request purchase from Bangalore through C-form .. and if so will there be any obligation on the Seller A

1183


IF I HAVE PAY COMMISSION TO LOCAL AGENT RS-5000 THEN HOW MUCH I WILL DEDUCT TDS & IS PAN CARD REQUIRE

5909


Differentiate between financial year, assessment year and previous year?

802


What are the types of provident funds?

685


What are Excise Duty rates for Fin.Year 2009-10 for Pesticides and Chemicals Industries.

1894


Which is the section or rule for non submitting c forms panelty and interest

1551


i want know central excise duty codes with cess?

2286