Karnataka Value Added Tax is a tax on sale of goods.
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. Inter-state sale happens when a sale or purchase constitutes movement of goods from one state to another.
CST is administered by Sales Tax authorities of each state. Thus, the State Government Sales Tax officer who assesses and collects local (state) sales tax also assesses.
Here is a Quiz on Central Sales Tax (CST) and Karnataka Value Added Tax (K VAT)
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Tax on intra-state sale is levied by
CST rate on sale of goods
2% against C Form
2% against H Form
A company from Bangalore is selling goods to a Special Economic Zone (SEZ) situated at Chennai. While selling, the unit in SEZ (the buyer) has offered to issue form I against purchase of goods. So, according to you, what is the rate of CST to be charged –
Mr. Mahesh has started a company selling Glue sticks in Bangalore. As per the information given to him by the consultant, he needn’t register under Local Value Added Tax (VAT) Laws if his turnover is less than Rs.7.5 Lakhs. Now, he wants to sell Rs.40,000 worth of goods to Gujarat. While invoicing, the buyer has asked him to mention CST number. Should he get registered under CST?
The central sales tax is collected in a state where
The movement of goods commences
The goods are delivered
The goods are manufactured
Ramnath and Company is a trader in electronic items at J P Nagar, Bangalore. While filing monthly VAT return, he has considered input credit of VAT paid towards purchase of stationery to his office. Is he right?
How many digits are there in TIN number?