What is CST tax rate?

What is CST tax rate?

The original Central Sales Tax rate was 1%, which was then increased periodically to 2% and finally became 4% from July 1975 onwards….Central Sales Tax Rate.

Local Tax Rate Central Sales Tax Rate
When sale is to registered dealer
Goods exempt from local tax Nil
1% 1%
2% 2%

What is sale under CST Act who are liable to pay tax on interstate sale?

Every dealer is liable to pay tax under the Central Sales Tax Act, on all sales of goods (other than Electrical Energy) effected by him in the course of inter-State trade or commerce during the year. The tax is payable if the sale or purchase: Occasions the movement of goods from one State to another, or.

How to get sales tax account number in Maharashtra?

Application For Allotment Of Sales Tax Deduction Account Number Under Sub-Section (8) Of Section 31 Of The MVAT Act,2318-Notice under sub-section (1) of section 33 Certificate Of Tax Deduction At Source To Be Given To The Dealer Under Sub-Section (7) Of Section 31 Of The MVAT,2002

Where is the head office of Maharashtra commercial tax?

Maharashtra Commercial Tax. The Maharashtra government’s Department of Goods and Services Tax is a crucial revenue-making department of the state. It forms part of the Finance Department of Maharashtra, and has its head office located in Bhavan, Mazgaon, Mumbai. The department’s function is to ensure revenue collection through effective and

When did central sales tax come into force in India?

This Act was introduced in the Sixth Constitutional Amendment and brought the taxes on sale/purchase of goods in inter-state trade under the purview of the legislative jurisdiction of Parliament. This act came into force in 1957 and forms the backbone for Central Sales Tax in India, containing various provisions for the same.

Do you pay sales tax on inter state trade in India?

A trader dealing in goods which involve inter-state trade is expected to pay both the state sales tax and the central sales tax on such transactions. Sales Tax in India falls under the ambit of Central Sales Tax Act, 1956, which extends to the whole of India and defines the rules and regulations guiding sales tax.