if a item sale on cash bill which is under vat sechdule c local sale tax is 5% s

if a item sale on cash bill which is under vat sechdule c local sale tax is 5% so what is the rate of CST without C Form

Question Posted / sumer

1 Answers
1934 Views
I also Faced
E-Mail Answers

if a item sale on cash bill which is under vat sechdule c local sale tax is 5% so what is the rate o..

Answer / Nikhil Sharma

CST (Central Sales Tax) is not applicable for intra-state sales made through cash bills where the goods are below Rs. 10 lakhs ($137,000 approx.) and are not covered under the Composition Scheme (C Form). Therefore, if your item sale is within a state, there will be no CST to calculate.

Is This Answer Correct ?

0 Yes

0 No

Post New Answer

More Taxation Interview Questions

Is there any criteria for percentage define of TDS rates? and What is the major advantage of introducing DTC and GST by Central Govt?

1 Answers

What are the deductions under salary head? Name the items.

1 Answers

Tamilnadu sales tax for Bleach Liquid (2011) schedule I levied tax Zero.I a register dealer purchase the product and sell to B to Karnataka state what tax has to be levied under what section? please answer.F.prabu joackinprabu@yahoo.com

1 Answers

What are the capital gains exempt from Tax?

2 Answers

if Mr. A Charge to Mr. B 5% CST, Mr. B Paid 5% CST To Mr. A so Mr. B c Form Give To Mr. A This Is right or wrong

2 Answers Fitch Metals,

What is calculate of tds

1 Answers

While issue of C form to the seller, c form can be issued on either before @ 2% CST or after @ 2% cst. If so, what is the logic.

5 Answers

IF WE BOOK PURCHASE AS EXPENDITUR.THE CAN BE ISSUE C-FORM AGAINST THAT PURCHASE

1 Answers

Please mail me the TDS rates for the year 07-08? aamirdeba@in.com