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CST & GST
What is CST & GST? with example


  
Total Answers and Comments: 2 Last Update: August 08, 2009     Asked by: Neha B 
  
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 Best Rated Answer
Submitted by: c7831887
 
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.

Above answer was rated as good by the following members:
dinakran
July 15, 2009 09:21:05   #1  
c7831887 Member Since: May 2009   Contribution: 10    

RE: CST & GST
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.
 
Is this answer useful? Yes | NoAnswer is useful 1   Answer is not useful 0Overall Rating: +1    
August 08, 2009 05:06:34   #2  
goelshikha2001 Member Since: August 2009   Contribution: 1    

RE: CST & GST
CST is central sales tax and GST is goods and service tax.
 
Is this answer useful? Yes | NoAnswer is useful 0   Answer is not useful 1Overall Rating: -1    

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