What is the difference between TIN no. and CST no.?
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
TIN (Taxpayer Identification Number) is issued by the
Commercial Taxes Department to an applicant under the VAT
Act of the concerned state.
CST No. (Central Sales Tax Number) is issued by the
Commercial Taxes Department to an applicant under the CST Act.
Both these are the Registration Numbers under the respective
Acts.
These abbreviations are explained only in the context of
Indirect Taxation in India.
| Is This Answer Correct ? | 153 Yes | 18 No |
Answer / shamija
If you have TIN No. you can purchase & sale goods within a
state.
If you have CST No. you can purchase & sale goods from one
state to another at lower tax rate.
Eg:- The Tax rate rate of an electrical goods is 12.5% in a
state. If you have TIN no, you should pay 12.5% tax at the
time of purchase. But if you have CST no., you can purchase
the same item from the outside state at 2% TAX
| Is This Answer Correct ? | 149 Yes | 15 No |
Answer / rahul r
TIN : It is only applicable under VAT.
CST : It is for Inter state.
| Is This Answer Correct ? | 86 Yes | 21 No |
Answer / kishor parmar
TIN (Taxpayer Identification Number) is issued by the
Commercial Taxes Department to an applicant under the VAT
Act of the concerned state.
CST No. (Central Sales Tax Number) is issued by the
Commercial Taxes Department to an applicant under the CST Act.
| Is This Answer Correct ? | 5 Yes | 5 No |
WHERE ARE ISSUE H FORM?WHAT IS DIFFERED INCOME TAX AND WHERE IT SHOWS IN BALANCE SHEET?
how can i solve accounting problems easily ????tell me the basics
Expand BEMS
What function within asset accounting allow mass processing?( any 2 answer) • Mass asset changes • Mass asset retirements ( abavn) • Mass asset acquisition ( abzon) • Mass deletion of active assets with net book value zero.
What can the maxium amount transfer to the Suspense a/c?
1 Answers BPO, Outsource Partners International,
Discuss the role of cost accounting in managerial decision making
How to change the voucher date in tally ?
Total numbers of companies listed on stock Exchange?
what can increase gearing?
If net profit is a profit why does it appear on the liability side of the balance sheet
What is Analysing
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching