TaxTMI 
TaxTMI 
TaxTMI 
Has the rate of CST been reduced to 2% w.e.f. 01.04.2007 ?
CST Rate
rajesh marwaha
Clarification on 2% CST Rate: Proposed in Budget 2007, Awaiting Official Notification Due to Compensation Discussions. A query was raised regarding whether the Central Sales Tax (CST) rate had been reduced to 2% effective from April 1, 2007. A respondent clarified that although the reduction was proposed in the Union Budget and mentioned in the Budget speech, the official notification to implement this change had not been issued. The delay was due to ongoing discussions between the Central and State governments about compensation issues. Consequently, the reduced CST rate would only take effect once the notification was officially released. (AI Summary)