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WHAT IS CST & WHAT IT'S RATE ?

Answer Posted / no name

CST IS CENTRAL SALES TAX AND IT IS APPLICABLE ON INTERSTATE SALES FOR EXAMPLE IF PERSON FROM MAHARASHTRA PURCHASES GOODS FROM GUJARAT THEN THE SUPPLIER WILL CHARGE CST IN THE INVOICE AND SEND IT TO THE BUYER IN MAHARASHTRA.
THE RATE BEFORE 1/6/2008 WAS 3%
BUT AFTER 1/6/2008 IS 2%
THE ABOVE RATES DEFER AS THE DEALER MAY BE REGISTERED OR UNREGISTERED AND DIFFERENT SATES ACT.

Is This Answer Correct ?    38 Yes 7 No



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