what is CST for what we are using it
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Answer / ashok kumar varma
CST = Central Sales Tax
If customer issues the C-Form then 2% CST is applicable
otherwise full tax is applicable. that means it saves tax.
After delivery of material we have to collect the C-Form
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Answer / shahadat khan
CST IS THE CENTRAL SALE TAX WHICH CHARGED BY THE SALER FRO
HIS BUYER IF BUYER IS BLONG TO AUTHOR STATE AND HE PURCHASED
COMMODITY FROM OTHER STATE
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From Buyer's point of view, In Interstate purchase to save tax we issue "C" form but at the same time can u tell me by allowing issuing "c" form govt bearing any losses in collection of taxes. e.g.while giving c form i only pay 2% instead of 12.5% the is it loss to govt of 10.5%, if yes then why govt. allowing "c" form, pls explain.
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