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What is the present Central sales tax rate in India? Also
let me know the maxium and minium sales tax rate in India.
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Answer / nithin s vijayan
Presently CST is @ 2% against form 'C' and will be charged
at different rate for different products , but this rate
will be same for all state.
for eg- for UPS it is 4% , battery Charger @ 12.5% , this
rate will be same for all state
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / subhash
There two type of taxes.
1. CST against 'c' form @ 2%.
CST against without 'c' form @ 3%.
2. vat rates are different state wise.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / rinky kathaith
The sale tax applies according to sale conditions: if you
sale goods in one state to another state then cst apply
with rate @ 2%, but if sale done without form c then the
cst shall aply @ 13.125%( present rate).
AND VAT APLLY ON THE INTRA STATE SALE OR PURCHASE .means if
you sale or purchased goods in same state ,then that state
level vat shall be aplly ,which is against dva-1 is 5 %
(change in 2011-12 ,haryana state level vat)
so net cconclusion is that sales tax is 2% ( if form c
issued by buyer) otherwise it shall be 13.125%.
and vat is 5 %( if dvat -1 issued) otherwise it shall be
12.5%
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / prince mewara
there r two types of sales tax
1-Vat
2-CST(central sale tax)
1-Vat
Vat deducts diffrent different in states,
Vat is 5%, 12.50%, by product nature.
2- CST
central sale tax deducted by central goverment of india.
Rates are 2% with C form n for other 5%, 12.36% , by
product nature.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / mohit sharma
If we trensfer goods from one state to another CST
applicable @ 2% against form "C"
If the second party unable to provede C form then the CST
would be charges @ 12%
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / c.a.pavan varma
there are two types of sales tax in india
1.central sales tax
2.local sales tax
CST applicable @ 2% against form "C"
If the second party unable to provede C form then the CST
would be charges @ 4%
other sales tax is vat which are 4%, 12.5% and 1
%.it's depend on state.
in A.P it is 12%
+91 9542095406
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / vishesh rana
4% without c Form ok maxium rate 20 % minium rate 1%
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / ashwini kumar
CST 2% Agst "C" form otherwise 5% CST Applicable
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / rupali bhattacharyay
The new finincial year central sales tax percentage,if
goods under cst act then percentage 2% with "c" form
without "c" form 4%.
| Is This Answer Correct ? | 13 Yes | 12 No |
Answer / rohit shah
CST rate in India at present is 2% with C Form. If the C Form is not produced, the rates can be 5% or 12.5% or 20% depending upon the tax schedule in that particular State.
| Is This Answer Correct ? | 2 Yes | 1 No |
we are deducting tds for our clients under section 194C section. exemption under this section is Rs.20000 suppose if a client bills more than Rs.20000, then i have to deduct tds only for above Rs.20000/- bills or from the first bill onwards.please clear me with as example
I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com
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What is the FORM F ? And when we are going to use it ?
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Dear Sir, we have purchased Poly Covers ( 360mm x 560mm)for raw material use.This Input vat claim it or not ?
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jpurnal entry for provision for taxation? mention clearly?
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Audit 
