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 |
What are the specific types of costs that FCA addresses?
Is WCT paid to be considered as overhead during costing in construction firm?
• What is Window Dressing?
Dear Sir, In A Purchase Function Hw can we justify The rate given by the supplier, dealerrs & mfgs are actual rate. is there any parameter.hw can we find the actual rate of particular items.
What is provision and reserve and how u treat in account
13 Answers Accenture, ASD Lab, Capital IQ, Ramky,
What is BRidge Loan?
What is the means of Limited.they are not asked about public limited or private limited or difference tehy asked only what is the limited
Short Answer on ___________Ledger
What is the difference between the Invoice and Bill?
What elements of your job do you find most difficult
Can anybody tell what is the link b/w reporate and inflation? How these parameters vary???
Amounts earned by a business organisations are called _____