what is CST for what we are using it
Answers were Sorted based on User's Feedback
Answer / manoj
CST is central sales tax charged by a company if they are
from different state.Example is if i have a company in
Gujarat and doing sales transaction with madhya pradesh
client, i have to charged CST @2% against form-C other wise
it is 12.5%(full tax without form-C).
| Is This Answer Correct ? | 53 Yes | 3 No |
Answer / govind sharma
CST is a Central Sales Tax and we charge it for interstate
sale
| Is This Answer Correct ? | 43 Yes | 3 No |
Central Sales Tax
Use for interstate Sale
| Is This Answer Correct ? | 44 Yes | 8 No |
Answer / avadhut
CST IS A CENTRAL SALES TAX. AT THE TIME OF INTER STATE
SALE CST IS APPLICABLE. INTERSTATE STALE MEANS GOODS SALE
FROM MAHARASHTRA TO GUJRAT. BUYER CAN BUY THE GOODS FROM
OTHER STATE BY PAYING 2% CST AGAINS ISSUE OF FORM 'C' OTHER
WISE IF FORM 'C' NOT ISSUE BY THE BUYER THEN THE SELLER CAN
CHARGE THE HIGHEST TAX OF THAT COMMODITY.
| Is This Answer Correct ? | 26 Yes | 1 No |
Answer / pradyut bag
CST is central sales tax charged by a company if they are
from different state.Example I have a company in
West Bengal and doing sales transaction with Bihar
client, i have to charged CST @2% against form-C other wise
it is 12.5%(full tax without form-C).C form will give who
purchase the goods.
Pradyut Bag (Hooghly, West Bengal)
| Is This Answer Correct ? | 22 Yes | 0 No |
Answer / manish
It we submitted 'C ' form then cst is 2 % otherwise 12.5%
Why government lose. against c form.
| Is This Answer Correct ? | 21 Yes | 3 No |
Answer / manish
cst is the cnrl sales tax , which charge by the saler to
his purchaser agianst form 'C' if purchaser is registered,
and this transaction should be only interstate transaction.
if the purchaser is not a registered dealer then saler will
charge cst with the rate of VAT of his state of that item.
| Is This Answer Correct ? | 12 Yes | 3 No |
Answer / shashi bhushan kr. sinha
CST MEANS CENTRAL SALES TAX IT REGULATED BY CENTRAL SALES TAX ACT 1956. WHEN WE ENTER IN INTER-STATE (OUT OF STATE)SALE OR TRANSFER OF GOODS THEN SUCH TRANSACTION COVERED UNDER CST ACT AND TRANSACTION IS DONE WITH DEALER REGISTERED UNDER CENTRAL SALES TAX ACT WITH FORM C/D/H/F. C FORM IS USED FOR CONCESSIONAL TRANSACTION @ 2% AGAINST C FORM, FORM D IS FOR GOVT. DEPARTMENT AND FORM "H" IS USED FOR TRANSFER OF STOCK/CONSIGNMENT TO BRANCH OFFICE OF AGENT AND FOR "H" is certificate of export and generally issued by exporter(goods sent out of india)
| Is This Answer Correct ? | 4 Yes | 0 No |
we are deducting tds for our clients under section 194C section. exemption under this section is Rs.20000 suppose if a client bills more than Rs.20000, then i have to deduct tds only for above Rs.20000/- bills or from the first bill onwards.please clear me with as example
current sales tax rate of company in India.
What are the accounting entries to be passed for TDS if person who is assessed is a Firm (or) Proprietorship (or) Company (or) person? Eg: I (CDE & Co) paid Rs. 1,00,000/- through ICICI Bank after deducting 10% of the amount (Rs. 10,000/-) as TDS (Tax Deducted as Source) to “ABC & Co” (i would like to know the entry to be posted in "CDE & Co" and "ABC & Co")
Who is an assesse?
If Seller in Delhi deliveres goods above Rs.25,000.00 without form 38 to Haryana,and issues invoice @2% CST without buyer having VAt registration and receives full payment of invoice, whose responsibility is it to pay the difference in taxes wrongly billed by seller?
how many types of VAT?
3 Answers L&T, Samiah International Builders,
How many types of Tax are ?
can we deduct the tds on purchase of computer, server?
I have two sons & 10lacs money which is from my arrear how I can save more tax ?.......Can I give them gift 5lakh each which neither taxable for my son nor for me...........?
1. How many types of vat? 2. What is the sales tax purpose?
31 Answers Berger Paints, Infosys, IVRCL, Mannu, ZTC,
What is Labour Cess? Pl. define. & what is rate of Labour cess.
how to generate H-form and procedure for generate?