VAT & CST?

[Former Member]

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

[Former Member · Accepted solution]

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

[Former Member]

Hi

Please find the tax rates below

CST---2% against C form across all inter states in india

VAT--1%,4%&12.5% in maharastra & gujarat

I think OCtroi 1% is also applicable.

Regards

Damu

[Former Member]

Hi,

In Gujarat Octroi is no more in most of the municipal areas. Please check the recent update.

Regards

Arya

Edited by: Arya Achalam on Jan 12, 2010 1:02 PM