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What Is Central Sales Tax (cst)? |
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Answer» CENTRAL Sales Tax (CST) is a tax on sales of GOODS levied by the Central Government of India. CST is applicable only in the case of inter-STATE sales and not on sales made within the state or import/export of sales. Inter-state sale is when a sale or purchase CONSTITUTES movement of goods from one state to another. Accordingly, consignments to AGENTS or transfers of goods to branch or other offices is not a sale as per the CST Act. Central Sales Tax (CST) is a tax on sales of goods levied by the Central Government of India. CST is applicable only in the case of inter-state sales and not on sales made within the state or import/export of sales. Inter-state sale is when a sale or purchase constitutes movement of goods from one state to another. Accordingly, consignments to agents or transfers of goods to branch or other offices is not a sale as per the CST Act. |
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