Sale Tax Act

  • June 2020
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  • Words: 131
  • Pages: 5
Classification of Central Sales Tax Act  

Direct Taxes Indirect Taxes

Objective of Central Sales Tax Act  1. 2. 3.  

To Formulate Principle for Determining... Inter State trade or commerce Outside state Import into or Export from India To provide for levy. Provide for special Importance of declared goods.

Scheme of Central Sales Tax Act  

   

Sales Tax Revenue to State Tax collected in the State where movement of good commences Tax on Inter Sate sale of Goods State Sale Tax law applicable in many aspects CST Act defines some concepts Revenue from CST

Differentiate between

 

Inter State Sale Intra State Sale

Some Changes of Amendment To CST Act Central Sale Tax rate reduced From 3% to 2% from 1/6/2008

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