What is cst

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Need Help? About us. Download link sent. Category Taxation. Meaning of CST Central Sales tax refers to the tax levied on sales generated during inter-state trade and commerce in a country. It is an indirect, origin-based tax. Central sales tax is a subject of the Union List in the Constitution of India and is therefore, the prerogative of the Central Government to levy the same.

However, it is administered by the state in which a particular sale originates. It is charged only on inter-state transactions and any transaction within a state or import-export of goods does not fall under its purview. The State Government Sales Tax officer, who was responsible for the assessment and collection of local state sales tax was also made to assess and collect CST. CST was collected as a percentage of the sale price of the commodity. The statute governing sales tax is Central Sales Tax Act, But this tax is no longer in force in the territory of India.

There is a cascading effect on taxes as credit of CST was not available.