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Central sales tax India?
2%
What is the cst number?
The CST number, or Central Sales Tax number, is a unique identifier assigned to businesses that engage in inter-state sales of goods in India. It is used for the collection and payment of Central Sales Tax, which is levied by the central government on sales of goods between states. Businesses need to obtain a CST number to comply with tax regulations and facilitate smooth interstate trade. The CST number is crucial for filing tax returns and maintaining proper tax records.
What is the current rate of central sales tax in west Bengal?
current rate of central sales tax(CST) is 2% against "C" form issued by the sales tax authority of the buyers state
What is the central sales tax rate in India on pesticides technical and formulation?
pesticides purchase inter-state and sale within the state
What is the central sales tax?
The central sales tax (CST) in India was a tax levied on the sale of goods during inter-state trade or commerce. It was imposed by the central government under the Central Sales Tax Act, 1956, and was applicable when goods were sold from one state to another. However, the CST has been largely phased out following the introduction of the Goods and Services Tax (GST) in July 2017, which aimed to create a unified tax structure across the country. Under GST, inter-state transactions are now subject to Integrated Goods and Services Tax (IGST) instead of CST.
What are Tax implication of high sea sale?
In HIGH SEA SALE THERE WILL NO SALES TAX IS CHARGES SINCE THE SALE IS CARRIED OUTSIDE THE TERRITORIAL JURISDICTION OF INDIA THERE WILL NOT BE SALES TAX LEVIED IN INDIA.
What is the main source of revenue in India?
sales tax
Inter state form of sales tax income tax?
The inter-state form of sales tax refers to the tax levied on the sale of goods when transactions occur between different states, primarily governed by the Central Sales Tax Act in India. Unlike state sales tax, which is imposed by individual states on sales within their borders, the inter-state sales tax facilitates the taxation of goods that move across state lines, ensuring revenue for the exporting state. In contrast, income tax is a direct tax on an individual's or corporation's earnings, imposed by both central and state governments, with rates and regulations varying by jurisdiction. Both taxes are crucial for generating revenue but serve different purposes within the tax structure.
What is the rate of tax against Form C under Central Sales Tax?
18%
What is high seas sales how it benefits?
You save the local sales tax payable in India
What has the author Mahesh C Purohit written?
Mahesh C. Purohit has written: 'Sales tax and value added tax in India' 'Road map for national and sub-national VATs in India' -- subject(s): Congresses, Value-added tax 'Structure and administration of sales taxation in India' -- subject(s): Sales tax, States
How many taxes are there in India?
service tax , income tax, sales tax, tds tax, excise tax & other taxes
