what is CST for what we are using it
Answers were Sorted based on User's Feedback
Answer / manoj
CST is central sales tax charged by a company if they are
from different state.Example is if i have a company in
Gujarat and doing sales transaction with madhya pradesh
client, i have to charged CST @2% against form-C other wise
it is 12.5%(full tax without form-C).
| Is This Answer Correct ? | 53 Yes | 3 No |
Answer / govind sharma
CST is a Central Sales Tax and we charge it for interstate
sale
| Is This Answer Correct ? | 43 Yes | 3 No |
Central Sales Tax
Use for interstate Sale
| Is This Answer Correct ? | 44 Yes | 8 No |
Answer / avadhut
CST IS A CENTRAL SALES TAX. AT THE TIME OF INTER STATE
SALE CST IS APPLICABLE. INTERSTATE STALE MEANS GOODS SALE
FROM MAHARASHTRA TO GUJRAT. BUYER CAN BUY THE GOODS FROM
OTHER STATE BY PAYING 2% CST AGAINS ISSUE OF FORM 'C' OTHER
WISE IF FORM 'C' NOT ISSUE BY THE BUYER THEN THE SELLER CAN
CHARGE THE HIGHEST TAX OF THAT COMMODITY.
| Is This Answer Correct ? | 26 Yes | 1 No |
Answer / pradyut bag
CST is central sales tax charged by a company if they are
from different state.Example I have a company in
West Bengal and doing sales transaction with Bihar
client, i have to charged CST @2% against form-C other wise
it is 12.5%(full tax without form-C).C form will give who
purchase the goods.
Pradyut Bag (Hooghly, West Bengal)
| Is This Answer Correct ? | 22 Yes | 0 No |
Answer / manish
It we submitted 'C ' form then cst is 2 % otherwise 12.5%
Why government lose. against c form.
| Is This Answer Correct ? | 21 Yes | 3 No |
Answer / manish
cst is the cnrl sales tax , which charge by the saler to
his purchaser agianst form 'C' if purchaser is registered,
and this transaction should be only interstate transaction.
if the purchaser is not a registered dealer then saler will
charge cst with the rate of VAT of his state of that item.
| Is This Answer Correct ? | 12 Yes | 3 No |
Answer / shashi bhushan kr. sinha
CST MEANS CENTRAL SALES TAX IT REGULATED BY CENTRAL SALES TAX ACT 1956. WHEN WE ENTER IN INTER-STATE (OUT OF STATE)SALE OR TRANSFER OF GOODS THEN SUCH TRANSACTION COVERED UNDER CST ACT AND TRANSACTION IS DONE WITH DEALER REGISTERED UNDER CENTRAL SALES TAX ACT WITH FORM C/D/H/F. C FORM IS USED FOR CONCESSIONAL TRANSACTION @ 2% AGAINST C FORM, FORM D IS FOR GOVT. DEPARTMENT AND FORM "H" IS USED FOR TRANSFER OF STOCK/CONSIGNMENT TO BRANCH OFFICE OF AGENT AND FOR "H" is certificate of export and generally issued by exporter(goods sent out of india)
| Is This Answer Correct ? | 4 Yes | 0 No |
verification of licence comes under professional or contract in TDS
spose i am in gurgaon & employed with automotive manufacturing co. i have to make some invoces for new delhi, chennai, jaipur & chandigarh & london for a component (rubber gasket) qty-2500 no @ of 120 per pc than what should be payable amount for each customer after adding taxes?
difference between assessment year and financial year
What is meant by Cost of Improvement?
what are the rates of depreciation as per companies.Act.?
What are direct taxes
We are into Press Tool & Die Manufacturers and regisered with ESI. for Expansion of Building we are paying civil contract bills ( incluidng labour as well as material) . Please let me know while making payment we have to deduct ESI because civil contrator is not registered under ESI. My question is contractor issue bill including material . on what amount we have to deduct ESI. Please let me know.
how to creat tds receiveble j.v entry ?
How many heads are there under total income? Name them.
what is prosses of vat refund
1 Answers Chartered Accountant, Unique Rubber Industries,
I AM RECEIVING THE GOODS FROM FACTORY BY STOCK TRANSFER I AM ISSUUING THE FORM- F FOR THE VALUE. IN CASE I AM RETURNING THE GOODS AS REJECTION WEATHER I HAVE TO RECEIVE THE FORM F FROM OUR FACTORY CONFIRM ME
what is meaning of Bill Discounting & how it done please explaiin me in detail