Академический Документы
Профессиональный Документы
Культура Документы
By
Pallavi Subbaiah
Inter-state
sale
is
when
sale
or
Features of CST
a) It extends to the whole of India.
b) Every dealer who makes an inter-state sale must be a registered dealer and
a certificate of registration has to be displayed at all places of his business.
c) There is no exemption limit of turnover for the levy of central sales tax.
d) Under this act, the goods have been classified as:
Declared goods or goods of special importance in inter-state trade or
commerce and
Other goods.
The rates of tax on declared goods are lower as compared to the rate of
tax on goods in the second category.
e) The tax is levied under this act by the Central Government but, it is
Collected by that state government from where the goods were sold. The
tax thus collected is given to the same state government which collected
the tax. In case of union Territories the tax collected is deposited in the
consolidated fund of India.
f) The rules regarding submission of returns, payment of tax, appeals etc.
are not given in the act. For this purpose, the rules followed by a state in
respect of its own sales tax law shall be followed for purpose of this act
also.
g)
Even though the central sales tax has been framed by the central
government but, the state governments are allowed to frame such rules,
subject to such notification and alteration as it deem fit.
Important definitions
APPROPRIATE STATE [SECTION 2 (A)]
1) In relation to a dealer who has one or more place of business situated in the same
state, that state.
(2) In relation to a dealer who has more than one place of business situated in
different states, every such state with respect to the place or places of business
situated within its territory
Form C
Issued by the purchasing dealer(other than government) to the selling dealer.
Form D
Issued by the government department which purchases the goods. But is removed
w.e.f. 1-4-2007.
Form E1
This form is issued by the dealer who makes the first inter-state sale during
movement of goods from one State to another.
Form E2
This form is issued by the second or the subsequent seller when the goods move from
one state to another in a series of inter-state sales by transfer of documents of title.
Form F
This form is issued when goods are dispatched to another state
as a consignment or to the branch of a dealer in another State.
Issued by the branch transfer or stock transfer to his principal
dealer.
Form H
This form is issued by an exporter for purchase of goods.
Form I
This form is issued by a dealer located in a Special Economic
Zone (SEZ).
Rates Of CST
Thank
You