Appilicabilty of CST 2%

[Rambabu Dompaka]

Dear Sir,

We are the Manufacturers of AcidandChemicals. Our Products are globally known products for Maintenance and Cleaning Solutions to Machinery, House Holds etc..

Just i need a clarification For, Whether Our products are Eligible to issue for Concessional Rate of tax i.e 2% by getting C Form from the Customer.

Please do the Needful in this regards.

With Regards,

Rambabu.D

[YAGAY andSUN]

Dear Ram,

If your customs is registered under CST Act, 1956 and this solution is mentioned in his registration certificate and it is being used for manufacturing, reselling etc. then it can be sold @ cst 2% against Form C, otherwise not.

Regards

YAGAY and SUN

(Management, Business and Indirect Taxes)

[Rambabu Dompaka]

Thanks alot for your reply Sir.

Can you refer any notification or relevant sec for this.

With Regards,

Rambabu.D

[YAGAY andSUN]

Dear Ram,

Please refer Section 7,8 of the CST Act, 1956 read with Rule 7 to Rule 13 of CST (Registration and Turnover) Rules, 1957 in this regard.

Regards,

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)

[Rambabu Dompaka]

Many thanks for your reply Sir.

With Regards,

Rambabu.D

AI Summary

Manufacturer Seeks Clarification on 2% Concessional Tax Rate Eligibility Under CST Act Using Form C A manufacturer of acids and chemicals sought clarification on whether their products qualify for a concessional tax rate of 2% under the Central Sales Tax (CST) Act, using Form C. A tax consultant responded, explaining that eligibility depends on the customer's registration under the CST Act and the product's use in manufacturing or reselling. The consultant referred to specific sections and rules of the CST Act and Rules for further guidance. The manufacturer expressed gratitude and requested references to relevant notifications or sections for additional clarity.