What is CST ?
Answers were Sorted based on User's Feedback
Answer / abhivirthi
In India there are 35 States and Union Territories. If the
purchases or sales are between two dealers within the
state/Unior Territory i.e. both seller or buyer are in same
stateUnior Territory the business transaction will be
called as intra-state transactions i.e. local purchase or
local sales.
If a dealer sells or purchases goods from a dealer outside
the state the purchases or sales will be called inter-state
purchases or inter-state sales and such transactions will
be assessed under the Central Sales Tax Act 1956. Thus the
transactions between two dealers from different states were
governed by Central Sales Tax Act 1956 and tax levied on
such transactions is called Central Sales Tax i.e. CST.
Is This Answer Correct ? | 16 Yes | 0 No |
Answer / syed shakir ali
CST Stands For Central Sales Tax in inter State purchases
have charge of vat and purchase of relating from other
states charge duty CST Instead Of Vat.
Is This Answer Correct ? | 5 Yes | 0 No |
CST where as stands for Central Sales Tax, which is under
inter state sales and purchases. this tax@ 2% its depend
upon commodity.
Is This Answer Correct ? | 4 Yes | 1 No |
who is the supreme commander of Indian Armed Forces?
1. ABC Pvt. Ltd acquired the right to publish a book entitled “Accountancy easy” From Writer at a royalty of Rs. 20 per copy of the book sold. The minimum rent was fixed at Rs. 30,000 per year. It was agreed, that the short workings of any year can be recouped with in 2 years immediately following the year in which short workings occurred. The no. of copies sold during the five years was as following: 1. 1st year -1000 2. 2nd year -1400 3. 3rd year -1800 4. 4th year -3000 5. 5th year -1200 Show royalties account in the books of the publisher.
What is a Payment Format
Tell me do you have any professional experience of this field?
what is the format of salary slip when basic , D.A.H.R.A. ,conveyance allowence , concluded and in deduction part P.F. E.S.I. & P.Tax.
Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 You are required to calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy
what is bank reconsilation statement?and hw it will be calculating
What is consolidated financial statement.
9 Answers Accenture, Capital IQ,
what is fictitious account?
Credit purchase entry
What is the golden rule of General Ledger?
What is the difference between perpetual & periodic inventory system?