Central Sales Tax on Interstate Iron & Steel Sales Set at 4% Until New Notification u/s 8(1) Issued.

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....Rate of central sales tax (CST) in interstate sale of Iron & Steel - 4% or 2% - So long as a notification under Section 8 (1) is not issued, the proviso to Section 8(1) would continue to hold the field. The proviso prescribes the rate of tax to be 4% of the turn over - HC....