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GeekInterview.com > Interview Questions > Accounting
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Question: CST & GST
Answer: What is CST & GST? with example |
| July 07, 2009 09:21:05 |
#1 |
| c7831887 |
Member Since: May 2009 Total Comments: 10 |
RE: CST & GST
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| In India, the word CST represents Central Sales Tax for sending goods to interstates & the word GST represents General Sales Tax for sending goods within the state. The CST & GST Nos. will be allotted to every trader/manufacturer by respective State Commercial Tax Offices where the trader is located. For example, one person is selling some goods to some buyer within state, he should mention the GST No. in dispatching documents. Likewise, the CST No. should be mentioned in dispatching documents when interstate transactions happened. The Rate of tax will vary depending on the commodities sent. Now, VAT is introduced almost in all states of India. |
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