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Answer Posted / abhivirthi tax and industrial
In India CST Rate of Tax is 3 per cent from 1.1.2007 to 31.5.2008 and 2 per cent from 1.6.2008 onwards which are covered by C Forms. One C form may be issued for each quarter ended with 30th June, 30th Septemter, 31st December and 31st March for each dealer. If the Inter-State sales were covered by valid C forms CST may be calculated on the turnover as per the rates given above and in the absence of C Forms local VAT rates should be calculated.
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