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NOTES ON CENTRAL SALES TAX. Sec.3, Sec.4, Sec.5, Sec.6A & Sec. 6(2). Introduction:- Sales Tax is a state subject. Entry 92A of List I and entry 54 of List II of the constitution of India demarcates the power of Central Govt. and State Govt. to levy tax on sale of goods. Entry 92A of List I empowers Central Govt. to levy taxes.
CENTRAL SALES TAX ACT, 1956. Paper xxx, Business Tax Procedures and Management. Page No. CHAPTER 1. Introduction 2 - 11. CHAPTER 2. Exemptions and exclusions form CST 12 -21. CHAPTER 3. Formulation of Principles for determining when a. Sale or Purchase of goods takes place in the course.
Note that this is a transaction of bailment and even then this is taken as sales). Supply of goods by any unincorporated association/body of persons to the members (Even though there are no two legal parties to sale). Supply of food and drink in a hotel. W.e.f. 11.5.02, the definition of sale has also been amended in CST act
Short title, extent and Commencement. (1) This Act may be called the Central Sales Tax Act, 1956. (2) It extends to the whole of India [***]. (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint, and different dates may be appointed for different provisions of this
4 Sep 2015 CENTRAL SALES TAX ACT, 1956. (ACT NO. 74 OF 1956). CHAPTER I. Preliminary. 1. Short title, extent and Commencement. (1). This Act may be called the Central Sales Tax Act, 1956. (2). It extends to the whole of India [***]. (3). It shall come into force on such date as the Central Government may, by.
CENTRAL SALES TAX ACT 1956. (Act 74 of 1956). An Act to formulate principles for determining when a sale or purchase of goods takes place in the course of inter-state trade of commerce or outside a State or in the course of imports into or export from India, to provide for the levy, collection and distribution of taxes on.
NOTES ON CENTRAL SALES TAX. Sec.3, Sec.4, Sec.5, Sec.6A & Sec. 6(2). Introduction:- Sales Tax is a state subject. Entry 92A of List I and entry 54 of List II of the constitution of India demarcates the power of Central Govt. and State Govt. to levy tax on sale of goods. Entry 92A of List I empowers Central Govt. to levy taxes
4 Jul 2014 Central sales tax. 1. By Pallavi Subbaiah; 2. Central Sales Tax (CST) is a tax on sales of goods levied by the Central Government of India. It is applicable only in the case of inter- state sales and not on sales made within the state or import/export of sales. Inter-state sale is when a sale or purchase
Subject – M.P. VAT & Central Sales Tax UNIT – IV General introduction of central sales tax, declared goods, .. i.e. taxable sales, exempted sales, interstate sales, export etc. Note : (1) Cash discount given in the invoice itself shall be excluded from the sale price and any other ex-factor discount, incentive or rebate shall.
Note: Goods that are sold within a state, but while transporting travel through another state is not considered inter-state sales. 10.3. WHAT ARE THE OBJECTIVES OF CST ACT ? 1. Formulate principles for determining when a sale or purchase of goods takes place :- - in the course of interstate trade or commerce ; or
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