WHAT IS CST & WHAT IT'S RATE ?
Answers were Sorted based on User's Feedback
Answer / no name
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%
THE ABOVE RATES DEFER AS THE DEALER MAY BE REGISTERED OR UNREGISTERED AND DIFFERENT SATES ACT.
| Is This Answer Correct ? | 38 Yes | 7 No |
Answer / 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 |
Answer / pawan kumar srivastava
A type of tax which is payable to central government at inter state sales is called cst it's full form is central sales tax.
| Is This Answer Correct ? | 12 Yes | 4 No |
Answer / devendra
CST is Central Sales Tax think we are in MP if we Sale
goods into gujrat in that condition we have to pay tax to
sales tax department and sales tax rat difrent to difrent
state in MP. rate is 2%
| Is This Answer Correct ? | 11 Yes | 4 No |
Answer / roshan nagpure
cst stands for central sales tax . This tax charge,if producer produce product in
maharastra and send to gujrat then cst would be applicable.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / sunil rathi
I want to purchase Poly Carbonate Sheets from Ex Bhiwadi Mumbai against my registerd firm at uttar Pradesh. I will produce road permit or Form C to vendor. i want to know-
1. what will be rates of VAT ?
2. What is LBT/ Octroi and their rates at Bhiwadi Mumbai?
regards.
Sunil Rathi
| Is This Answer Correct ? | 2 Yes | 0 No |
WHAT IS PENALITY FOR LATE SALE TAX RETURN
If the purchaser did not submit form "c" while purchase from outside state, and he charged for 12.5 % vat, then can he claim input credit for Rs. 12.5 % ?
How many financial statements are there?
what is costing ? how aclculate mcv? mpv? muv?mqv? with example?
We have recd. work contract at Karnataka, now i want to know what is the WCT tax structure in Karnataka under regular Method and composition method, Is there Interstate purchase & Branch stock transfer allowed under composition scheme? How to calculate VAT liability under Regular Method and composition method. Which scheme is beneficial for us?
can we take credit under service tax of services taken after 6 to 7 months?
What is the TDS percentage advertisement
What are direct taxes
is it necessary to use form38 in UP for purchase of goods from outside UP @5%CST Tax
what is FBT?
i dont no what is tcs and tds what the use and how to calculate Tcs&Tds
Can I deduct TDS on Advance payment towards advertisment expenses.