What is the present Central sales tax rate in India? Also
let me know the maxium and minium sales tax rate in India.
If the VAT rate changed of any state what will be the
impact of CST.

Answers were Sorted based on User's Feedback



What is the present Central sales tax rate in India? Also let me know the maxium and minium sales ..

Answer / haider

Present Tax Rate is 2% from Registered & 12.5% from
unregistered.

No impact of VAT changed.

Is This Answer Correct ?    6 Yes 3 No

What is the present Central sales tax rate in India? Also let me know the maxium and minium sales ..

Answer / anuj sharma

At present Central Sales Tax rate is minium 2% and maximum
12.5 %
value added tax is realeated to states and Central Sales
tax related to central so their is no impact on cst

Is This Answer Correct ?    4 Yes 1 No

What is the present Central sales tax rate in India? Also let me know the maxium and minium sales ..

Answer / hari

Now this time present central seles tax is 2% for registred
delears and non registred delears 12.5 % as per local VAT

Is This Answer Correct ?    2 Yes 3 No

Post New Answer

More Accounting General Interview Questions

If a consultant charged his fee n receive so can i pass the journal entry n how i can i maintain bal sheet

0 Answers  


why creditors a/c dr. to discount received a/c ?

0 Answers  


what is journal entry for the credit sales and purchases

5 Answers   Accenture,


Explain: Accrual Concept, Realisation Concept, Going Concern concept, Accounting period Concept

1 Answers  


How to do accounting entries in Accounts Payable

1 Answers   Accenture,






what is idealcapital?what should be the ideal capital for indian organisations?is it different from firm to firm?

0 Answers   ADP,


any one provide me mm & fi configration steps

0 Answers  


What is the basic entries of cash and bank with a trading company.

1 Answers   F4, SMGT,


What are the uses of journal in accounting?

0 Answers  


in year end Balance sheet current liabilities is showing negative balance of re.-1/- how to write off the negative figure? pls help..

1 Answers  


I have an invoice here amounting to $1893.60 (purchases), a credit note of $61.00. I have paid the vendor $1,832.40. How should I record my entry? I am aware that the credit note entry is using journal and the payment is using payment voucher. But I am not sure how to post the entry. Please help. Many thanks.

4 Answers  


What is the entry for closing stock value reduction?

0 Answers   ICICI, ICS Integrated Computer Solutions,


Categories