Central sales tax rate reduction alters the statutory tax applied to inter state sales under the Central Sales Tax Act. The Central Government, exercising the proviso to sub section (1) of section 8 of the Central Sales Tax Act, issues a notification reducing the rate of tax charged under that provision by executive order and specifies the commencement date; the change alters the statutory rate applicable to inter state sales and the resulting compliance and tax calculation obligations.
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Central sales tax rate reduction alters the statutory tax applied to inter state sales under the Central Sales Tax Act.
The Central Government, exercising the proviso to sub section (1) of section 8 of the Central Sales Tax Act, issues a notification reducing the rate of tax charged under that provision by executive order and specifies the commencement date; the change alters the statutory rate applicable to inter state sales and the resulting compliance and tax calculation obligations.
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