Ceiling rate on Declared goods u/s 15 of CST Act are proposed to be increased from 4% to 5% in the Budget 2011-12

Ceiling rate on Declared goods u/s 15 of CST Act are proposed to be increased from 4% to 5% in the Budget 2011-12 https://www.taxtmi.com/article/detailed?id=1174 The Finance Bill proposes amending the Central Sales Tax provision to increase the statutory ceiling on State VAT for declared goods by substituting the existing percentage with a higher one, thereby allowing States to levy a greater rate on goods designated as declared goods. en-us Wed, 02 Mar 2011 21:52:30 +0530 Wed, 02 Mar 2011 21:52:30 +0530 TaxTMI RSS Generator Ceiling rate on Declared goods u/s 15 of CST Act are proposed to be increased from 4% to 5% in the Budget 2011-12 https://www.taxtmi.com/article/detailed?id=1174 The Finance Bill proposes amending the Central Sales Tax provision to increase the statutory ceiling on State VAT for declared goods by substituting the existing percentage with a higher one, thereby allowing States to levy a greater rate on goods designated as declared goods. Articles Value Added Tax - VAT and CST Wed, 02 Mar 2011 21:52:30 +0530 https://www.taxtmi.com/article/detailed?id=1174