QUIZ on Central Sales Tax (CST) and Karnataka Value Added Tax (K VAT)

 

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)

 [mtouchquiz id=11 startscreen=’off’ showanswers=’end’ multiplechances=’off’]

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About B E Kumar Prasad

He is a Practicing Chartered Accountant in Bengaluru, India. He has 28+ years of experience in income tax, business setup, and NRI matters. He is also an Insolvency Professional, Registered Valuer (F&SA) and Social Auditor.Prasad welcomes your comments and questions. Please email him at simplifiedlaws20@gmail.com

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