Interested to Buy Any Domain ? << Click Here >> for more details...
What is CST ?
- 10 Answers
- 15890 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / abhivirthi
In India there are 35 States and Union Territories. If the
purchases or sales are between two dealers within the
state/Unior Territory i.e. both seller or buyer are in same
stateUnior Territory the business transaction will be
called as intra-state transactions i.e. local purchase or
local sales.
If a dealer sells or purchases goods from a dealer outside
the state the purchases or sales will be called inter-state
purchases or inter-state sales and such transactions will
be assessed under the Central Sales Tax Act 1956. Thus the
transactions between two dealers from different states were
governed by Central Sales Tax Act 1956 and tax levied on
such transactions is called Central Sales Tax i.e. CST.
| Is This Answer Correct ? | 16 Yes | 0 No |
Answer / syed shakir ali
CST Stands For Central Sales Tax in inter State purchases
have charge of vat and purchase of relating from other
states charge duty CST Instead Of Vat.
| Is This Answer Correct ? | 5 Yes | 0 No |
CST where as stands for Central Sales Tax, which is under
inter state sales and purchases. this tax@ 2% its depend
upon commodity.
| Is This Answer Correct ? | 4 Yes | 1 No |
how we will account the preliminary expenses in journal and ledger as well as balance sheet?
When we purchase Some goods Like ( Machinery's) we want to generate way bill ? Kindly Clarify .... Because recently we are purchased medical Equipment for our hospital use but vendor asking Waybill...Shall i give waybill or not Please let me know..?
What is the definition of manual accounting?
List out some of the examples for liability accounts?
Why the provision is considered as expense and reserve is considered as liability even if they both are allocated as precautionary for specific and general purpose? pls Explain.
What is the full form and the application of SAP?
67 Answers DFAS, DynCorp, Ernst Young, Fashion Technology, Haier, LIC, Reliance, SAP Labs, SPS Group,
Horizontal balance sheet versus Vertical balance sheet
Dear sir , 1-what is diffrence local tax & vat 2 what is sales tax challan & return due date(monthly & quartly, annually) 3- what is service tax challan & return due tae
We purchase goods worth rs. 25000 from shyam co. in credit. We paid him 20000 and rest we refuse to pay. What is the journal entry for it. This is not discount received.
what is portfolio
What is the difference between the accrual accounting and cash accounting?
what are the different types of account which an individual can open?
Audit 
