The CST is not payable if there is only inter-state stock transfer and there is no sale. This form is issued when goods are despatched to another state as a consignment or to the branch of a dealer in another State. This form enables the purchaser to claim exemption form CST on subsequent sale of goods.
#What is cst time series#
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. This enables the purchaser to claim exemption from CST on the second inter-state sale during the movement of goods by transfer of documents of title. This form is issued by the dealer who makes the first inter-state sale during movement of goods from one State to another. This concession on CST is applicable if Form D is issued by the government department which purchases the goods. Sale to government is taxable 4% or applicable sales tax rate for sale within the State whichever is lower. The purchasing dealer is eligible to get these goods at concessional rate if a declaration in C form is submitted to the selling dealer.
#What is cst time registration#
The sales tax on inter-state sale is 4% or the applicable sales tax rate for sale within the State whichever is lower if the sale is to a dealer registered under CST and the goods are covered in the registration certificate of the purchasing dealer. These forms are to be prepared in triplicate. Form D is to be issued by government organization departments making purchases. Dealers have to issue declarations in these forms printed and supplied by the Sales Tax authorities. Forms C, E1, E2, F and H are printed and supplied by Sales Tax authorities. The type of forms are C, D, E1, E2, F, H and I. It is so payable to appropriate state in which the dealer has a place of business.ĭealers have to issue certain declarations in prescribed forms to buyers/sellers. It is payable in respect of sale of goods effected by him during the year.ĥ. it is payable by the dealer who makes the sale in the course of interstate trade or commerce.Ĥ. it is levied on Turnover, which in turn is computed on the basis of the sale price.ģ. The CST Act becomes applicable and CST is levied at the Rate specified.Ģ. WHAT HAPPENS IF THE ABOVE CONDITION ARE SATISFIEDġ. the sale should not be a sale inside a state. The sale should be made in the course of interstate trade or commerce ( i.e. He should made a sale of any goods ( declared or undeclared)Ħ. He should made a sale to any buyer ( registered dealer or unregistered dealer)ĥ. There should be a Dealer and such dealer must be registered under the CST Act.ģ. The sale should not take place in the course of import into or export from India.Ģ. WHAT ARE THE CONDITIONS FOR CST ACT TO BECOME APPLICABLE.ġ. For part-time studies, the program must be at least 3 consecutive weeks for at least 12 hours per month at eligible Canadian schools or 13 weeks for schools outside of Canada.10.4. For eligible schools outside of Canada, the program must be at least 13 weeks in duration or for students enrolled full-time at a university, the program must be at least 3 weeks in duration. For full-time programs at eligible Canadian schools this means a program of at least 3 consecutive weeks in duration with at least ten hours of Distance learning and correspondence courses are also eligible. With CST Advantage Plan and other CST RESPs, we recognize any program that qualifies under the Income Tax Act (Canada), and institutions that range from community colleges and universities to vocational, technical, trade and religious schools.
0 kommentar(er)
