CST rate

[ASHOK SWAIKA]

rate of central sales tax reduction from 3 to 2 %

[Surender Gupta]

Till now there is no notification for reduction of CST rate from 3% to 2%.

[Guest]

As of now there is no notification from the central government about reduction of CST from 3% to 2%. Therefore the CST for C form transactions now attract 3%

[Guest]

From 01 Jun 08 onwards CST Rate is 2%

AI Summary

Central sales tax rate change: conflicting advisories on whether reduced rate applies to C form transactions, verify official notification. Whether the Central Sales Tax rate applicable to interstate transactions under C form coverage has been reduced is contested; two advisors report no official notification so the existing rate remains applicable to C form transactions, while one advisor asserts a reduction effective from a specified date. The operative legal point is that, absent an authoritative government notification, the existing CST rate should be treated as operative and informal advisories should be verified against published notifications.