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VAT - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Rate of central sales tax (CST) in interstate sale of Iron & ...


Central Sales Tax on Interstate Iron & Steel Sales Set at 4% Until New Notification u/s 8(1) Issued.

October 25, 2013

Case Laws     VAT and Sales Tax     HC

Rate of central sales tax (CST) in interstate sale of Iron & Steel - 4% or 2% - So long as a notification under Section 8 (1) is not issued, the proviso to Section 8(1) would continue to hold the field. The proviso prescribes the rate of tax to be 4% of the turn over - HC

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