CST, Central Sales Tax


Central Sales Tax, CST


CST, Central Sales TaxCST means Central Sales Tax.


This articles explains about Central Sales Tax; What is Central Sales Tax? How does CST work? Who has to pay Central Sales Tax, CST? Who are exempted to pay Sales Tax? When to pay Central Sales Tax?


CST is one of the two components of VAT, Value Added Tax. CST is imposed when sale of goods from one state to another state. CST is levied when the goods are transferred or at the time of generating invoice whichever is earlier. For example, if sale of goods is moved from Mumbai to Bangalore, CST is levied.


The revenue collected as Value Added Tax VAT is meant for central government.


Exemptions to collect CST

The exempted goods are not charged CST. Government fixes turn over for small business of firm time to time and any business turn over falls under such category, CST amount need not to be paid. Exports are totally exempted to pay Central Sales Tax, CST, if paid at any point of movement of goods can be claimed for reimbursement.


The above information provides about Central Sales Tax; What is Central Sales Tax? How does CST work? Who has to pay Central Sales Tax, CST? Who are exempted to pay Sales Tax? When to pay Central Sales Tax?



Would you like to comment about CST, Central Sales Tax? Share below your thoughts about this brief and simple explanation about CST, Central Sales Tax.

 

                                      

 

Click here to know GST rate on Goods and Services

GST Exemption list of goods and services

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?

How to export goods from India?

How to get Export Order?

Export benefit schemes in India

Export procedures and documentation

 

Difference between VAT and Central Excise Tax

Difference between CST and CENVAT

How to distinguish between Central Excise Tax and CST

Difference between CST and VAT

Difference between SGST and CENVAT

Difference between SGST and Central Excise Tax

Difference between SGST and CST

Difference between SGST and VAT

Difference between CGST and CENVAT

Difference between CGST and Central Excise Tax

Difference between CGST and VAT

Difference between CGST and CST

Difference between IGST and CENVAT

How to make delay in delivery of Shipment?

How to minimize import cargo clearance time? An open logic proposal to WTO

How to obtain a duplicate BL, if original bill of lading lost.

How to obtain GSP - Certificate of Origin?

How to obtain Phyto sanitary certificate. What is phytosanitary certification

How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS

How to open an LC? Procedures to open a Letter of Credit

How to overcome credit risk in export business?

How to overcome Negative thoughts in export business

How to prepare an Export Invoice. Contents of Export commercial Invoice:

How to prepare an Export Packing list. Contents of Export Packing list

How to prepare Purchase order

Transferability of Bill of Lading

Transhipment - A redefinition 

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

Triangular export

Triangular shipment

Types of Insurance Documents.

How to protect parties each other in triangular exports

How to re-construct EP copy of shipping bill



Comments


yogendrajha: i have imported dry fruit from california to delhi, the goods reach bombay in clearing house and cleared, now i told to clearing agent that the goods to be sent to andhra pradesh insteed to delhi because a party contact us for direct deliveryin andhra pradesh now tell me what type of tax shuld be charged from the byere then can issu us c form or not

Jeetu Melwani : We need your help understanding if I should stock up on certain items where GST is going to be much higher than the current VAT rate.Goods purchased on CST sold on GST?

Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers