TaxTMI 
TaxTMI 
Has the rate of CST been reduced to 2% w.e.f. 01.04.2007 ?
CST Rate
01 Apr 2008 
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CST rate reduction will be effective only upon formal notification, pending agreement on compensation between centre and states.
Although a reduced CST rate was proposed in the Union Budget with an intended commencement date, the statutory notification implementing that reduced rate has not been issued; the reduction remains inoperative until the notification is issued, a delay caused by unresolved compensation arrangements between the Centre and the States. (AI Summary)
Although a reduced CST rate was proposed in the Union Budget with an intended commencement date, the statutory notification implementing that reduced rate has not been issued; the reduction remains inoperative until the notification is issued, a delay caused by unresolved compensation arrangements between the Centre and the States. (AI Summary)