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What is the difference between TIN no. and CST no.?
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Answer Posted / shamija
If you have TIN No. you can purchase & sale goods within a
state.
If you have CST No. you can purchase & sale goods from one
state to another at lower tax rate.
Eg:- The Tax rate rate of an electrical goods is 12.5% in a
state. If you have TIN no, you should pay 12.5% tax at the
time of purchase. But if you have CST no., you can purchase
the same item from the outside state at 2% TAX
| Is This Answer Correct ? | 149 Yes | 15 No |
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