WebNov 18, 2024 · ♦ Central Sales Tax (CST) is payable for every movement of goods from one State to other. If the sale is direct, CST is payable, Even in case of stock transfers or … WebJan 24, 2024 · Before the implementation of GST on 1 st July, 2024, several indirect taxes were levied both by the state and the centre. Interstate sale of goods was taxed by the centre in the form of Central State Tax (CST). …
Associate Indirect Taxation - BDO in India - Linkedin
WebApr 11, 2024 · Central Sales Tax (CST) is a type of indirect tax that is levied by the Central Government on the sale of goods between different states. The tax is levied on the value of the goods and is generally included in the price of the product. The rate of CST varies depending on the nature of the goods. CST was replaced by IGST under the GST … WebFeb 17, 2024 · The Communication Service Tax (CST), popularly known as the Talk Tax, is that tax levied on charges for the use of communication services that are provided by electronic communication service providers. ... This brings to 30% total direct taxes in addition to the above indirect taxes of 23.75% on their services. Economists consider ... ptr test wow
Various Taxes in Present Indirect Tax System & Tax In GST Scenario
WebLearn free in Detail Indirect Tax (Vat, CST Service Tax, Excise, Customs, Cenvat Credit) for November 2016 CA Exams and December 2016 (CS, CWA, CMA Exams) Every … WebOct 18, 2024 · Central Sales tax: It is the Central level sales tax which is levied on sales if sales occur in the course of Inter State Sales. CST levied as per Central Sales tax Act, 1956. Service tax: It is the central level indirect tax, which is levied on the value of taxable services. Taxable services are mentioned in section 67 and 67A of Finance Act 1994. WebCST is an indirect & origin-based tax since it is regulated by the state in which the transaction originates & payable in the state wherein the product is sold. It is for … ptr testing 9.2