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Central Sales Tax (CST) not brought down to 2 percent: report
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Staff Reporter | 19 Apr, 2008
A recent media report has said that Knitwear Club and Punjab Tax Bar Association members have expressed resentment that central sales tax (CST) has not been brought down from 3 percent to 2 percent.
As per the association, the CST should have been brought down on April 1 by the central government. Knitwear Club President Vinod Thaper also wrote to Chief Minister Punjab Parkash Singh Badal in this regard.
The report while quoting Ashok Juneja, President of Punjab Tax Bar Association, added that while introducing VAT in India, it was promised that CST will be reduced by 1 percent every year, and this year it was to be reduced to 2 percent.
The Central government should immediately notify for charging value added tax (VAT) at the rate of 2 percent, otherwise it will be difficult to get refund once it is charged to the purchasers, he added.
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MORE LATE
JAGTA BHARAT | Tue May 13 13:57:29 2008
GOVT MAKE RULES FOR FOLLOW BUT IT WAS VERY LATE IN ORDERS , MAKE FOOLISH TO ALL FOR LAW
CST
Sushil Sancheti | Fri May 9 09:30:08 2008
CST continues to be 2% till the final notification is not issued by GOI through respective states. CST has not been reduced as Centre and states have not agreed on compensation formulae to offset the CST loss to states esp industrialised states like TN, MAH who have more inter-state trade. CST will be 2% most likely from prospective date only i.e date from when notification is issued. Till that time CST remains 3%.It is one more unkept promise of government.
CST RATE 2% OR 3% W.E.F 1-04-08
RAMESH KUMAR TULSYAN | Mon May 5 05:22:20 2008
PL. CONFIRM THE RATE OF CST AND ITS DATE OF VALIDITY.TILL DATE EVERYONE ARE IN CONFUSION.
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Re: CST RATE 2% OR 3% W.E.F 1-04-08
sanjeev sharma | Mon May 12 10:14:34 2008
please confirm
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Re: Re: CST RATE 2% OR 3% W.E.F 1-04-08
ABHAY MAHADEV DALAL | Thu May 15 10:04:10 2008
CST RATE IS 3% FROM 01/04/2008. TILL DATE THERE IS NO NOTIFICATIONS HAS BEEN ISSUED FOR 2%. THE TAX RATE WILL BE 3% TILL THE ISSUE OF NOTIFICATIONS BY GOVERMENT. EVEN THE CST WIILL NOT BE 2% FROM RETROSPECTIVE EFFECT.WHATVER BILL WAS PRESENTED IN THE BUDGET WAS PASSED BY THE PARLIMENT BUT THE CHANGES OF CST WAS NOT PRESNTED IN THE PARLIAMENT.
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Re: Re: Re: CST RATE 2% OR 3% W.E.F 1-04-08
DGM | Sat May 17 11:22:46 2008
w.e.f 01.05.08 it has noticed by Central govt CST is 2%
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rate of CST
san17pra@yahoo.co.in | Sat May 3 05:47:55 2008
REALLY I AM CONFUSED IN CST RATE 2% OR 3% FOR THE YEAR 2008-09. ANYBODY GIVE THE CORRECT DETAILS.
CST
Bidhu | Mon Apr 21 13:52:20 2008
Is Cst 2%
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Re: CST
KARTHIKEYAN N K | Wed Apr 30 15:10:01 2008
REALLY I AM CONFUSED IN CST RATE 2% OR 3% FOR THE YEAR 2008-09. ANYBODY GIVE THE CORRECT DETAILS.
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Re: Re: CST
Vikram | Wed May 7 03:53:42 2008
Yes CST rate is 2%
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Re: Re: Re: CST
vinay pandey | Fri May 9 13:16:33 2008
REALLY I AM CONFUSED IN CST RATE 2% OR 3% FOR THE YEAR 2008-09. ANYBODY GIVE THE CORRECT DETAILS.
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Re: Re: Re: CST
amit | Thu May 15 06:23:18 2008
confirm that what rate of cst
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