Applicability of CST rate, VAT + CST

[Anil Nahata]

IN THE BUDGET 2008 CST RATE HAS BEEN REDUCED TO 2% IS THIS RATE IS NOTIFIED AND APPLICABLE W.E.F 1ST APRIL 2008 OR THE OLD RATE OF 3% WILL BE CONTINUED TILL PASSING OF THE BUDGET

Posts / Replies

[vikas kapoor]

CST @ 2% AGN. FORM -C will be applicable w.e.f 01/04/08. It was pre decided & W.e.f April 2009 CST is supposed to be @ 1%.Agn Form -c. GST ( Goods & services tax) is likely to come in 2010, then there will be only one tax , called GST. Regrads Vikas Kapoor

[Madhukar N Hiregange]

Applicable from 1.4.2008.

[V Ramanujam]

Though it is announced that the CST rate will be reduced from 01/04/08 still it is not notified. In the absence of notified rate, the rate continue to be @ 3% as of now, though it may be reduced retrospectively by way of notification later.