Interested to Buy Any Domain ? << Click Here >> for more details...
What is CST ?
- 10 Answers
- 16485 Views
- I also Faced
- E-Mail Answers
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 |
cost of lease=20,000.refundable deposits 2000 (after 4 years).annuity value for 4 years @5% is .2820.find the net charge to p&l a/c
why you change the company?
Do you know partitioning in accounting?
what is the maximum no. of persons/members in a private limited co.
Tell us why did you select accounting as your profession?
how could i explain the reasons to quit my previous job and what are the better reasons to quit my job?
What are direct and indirect taxes?
We have purchased some good from our vendor and we asked them to transport the same to some address but they have raised a debit note to us for transportation instead of invoice. Same like we have given some order to manufacture for developing that product they have charged some amount for that also they have raised the debit note. How to account these type of debit notes in tally..?
Types of Invoice ?
7. Calculate the Selling Price: Cost is $ 30. Markup is 30% * Markup is based on cost * Markup is based on selling price
what are the basic elements to prepare a quarterly information system and how to calculate that items?
Can anyone clearly explain difference between assessment year and financial year?
Audit 
