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VAT & CST?

Hi

In India when VAT & CST Applicable in Sales Process?

i guess VAT is in Local Sale & CST is in interstate Sale???

what is the current % rate for VAT & CST for maharashtra & Gujrat?

Reg,

Amol

replied

Hi,

VAT (Value Added tax) is local sales tax, upon trading within state in India,

CST (central State tax) is interstate sales tax, upon trading with different state in India.

If we transfer or sale goods from one state to another, CST applicable @ 2% against form "C". If the second party unable to provede C form then the CST would be charges @ 4%.

Other sales tax VAT which are 4%, 12.5% and 1 %. it's depend on state.

VAT details for Maharashtra;

[http://vat.maharashtra.gov.in/knowledgecenter/ratescheduleShow.php]

VAT details for Gujrat;

[http://gujaratsalestax.gov.in/vattaxrate.htm]

regards

Vivek.

Edited by: Vievk Vardhan on Jan 12, 2010 12:46 PM

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