We have received number of phone calls and email regarding rumors in various sections stating that, "Govt. withdraws statement on CST cut."

Therefore, we tried to reach to the root of such rumors and found the correct position as:

Newspaper / Website	Date	Time	News
Economic Times	30-5-2008	08-28 PM	CST to be cut to 2% from June 01
Economic Times	30-5-2008	08-52 PM	Govt withdraws statement on CST cut
Press Information Bureau of Government of India	30-5-2008	09-17 PM	Central Sales Tax (CST) reduced to 2% from 1st June, 2008
TMI Commentary	30-5-2008	10.30 PM	Central Sales Tax (CST) reduced to 2% from 1st June, 2008
Economic Times	31-5-2008	00.53 AM	Tax reforms back on track, CST cut to 2% from June

 The analysis as above is self explanatory and accordingly with the issue of press release at 09.17 PM on 30-5-2008, the rumors on reduction of CST rates should be put to rest.

Click here to see the notification reducing CST from 3% to 2%

Central Sales Tax rate reduction confirmed by official press release, overruling earlier media reports and rumours. The Press Information Bureau issued an official press release confirming that the Central Sales Tax would be reduced effective 1 June 2008, superseding earlier contradictory media reports and resolving rumors that the government had withdrawn the announcement.