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What is the present Central sales tax rate in India? Also
let me know the maxium and minium sales tax rate in India.
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Answer Posted / mohit sharma
If we trensfer goods from one state to another CST
applicable @ 2% against form "C"
If the second party unable to provede C form then the CST
would be charges @ 12%
| Is This Answer Correct ? | 3 Yes | 0 No |
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I run a small consultancy firm (partnership with my mother) from my residence address. My firm is not registered, but I do have a separate PAN for it. I do not have any salaried employees. I get work done by freelancers and vendors and pay them against invoice. My annual revenues are just about Rs 5-6 lakhs. I am aware that I would need to register for service tax once I touch Rs 9 lakhs. But I am confused about my obligation to get a TAN and deduct TDS for all vendor/freelancer payments. Are there any minimum thresholds for withholding TDS? Right now I pay 100% of invoice amounts. Please advise.
