Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News Commentaries / Editorials Month 5 2008 2008 (5) This

An analysis of rumors on CST rate cut from 3% to 2%

31-5-2008
  • Contents

We have received number of phone calls and email regarding rumors in various sections stating that, "Govt. withdraws statement on CST cut."

Therefore, we tried to reach to the root of such rumors and found the correct position as:

Newspaper / Website

Date

Time

News

Economic Times

30-5-2008

08-28 PM

CST to be cut to 2% from June 01

Economic Times

30-5-2008

08-52 PM

Govt withdraws statement on CST cut

Press Information Bureau of Government of India

30-5-2008

09-17 PM

Central Sales Tax (CST) reduced to 2% from 1st June, 2008

TMI Commentary

30-5-2008

10.30 PM

Central Sales Tax (CST) reduced to 2% from 1st June, 2008

Economic Times

31-5-2008

00.53 AM

Tax reforms back on track, CST cut to 2% from June

 The analysis as above is self explanatory and accordingly with the issue of press release at 09.17 PM on 30-5-2008, the rumors on reduction of CST rates should be put to rest.

Click here to see the notification reducing CST from 3% to 2%

Quick Updates:Latest Updates