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of <h1>Taxation Laws (Amendment) Act, 2007: CST on inter-State sales cut to 3%, states can levy higher VAT on tobacco.</h1> The Government of India, through the Ministry of Finance, announced the implementation of the Taxation Laws (Amendment) Act, 2007, effective from April 1, 2007. This Act reduces the Central Sales Tax (CST) on inter-State sales to registered dealers from 4% to 3% or the applicable VAT/State Sales Tax rate, whichever is lower. For sales to non-registered dealers and Government Departments, the applicable rate is the VAT/State Sales Tax rate of the selling dealer's state. The Act also removes tobacco from certain tax schedules, allowing states to levy VAT on tobacco at rates above 4% without affecting their share of central tax revenue.
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