News Update

Untitled Document

COMMERCIAL TAXES DEPARTMENT

Lr.No. VAT Cell / 50504/2005

Dated : April 1, 2008

Sub : CST Act 1956 – Phasing out of CST – Reduction of rate of tax from 3% to 2% from 1st April, 2008 – Certain instructions issued – Reg.

It was proposed to reduce the rate of CST from 3% to 2% with effect ffrom 1.4.2008 in the Union Budget Speech for the year 2008-2009. However, so far, the Government of India have not issued any Notification reducing the rate to 2%. It has come to the notice that certain assessing officers are clarifying to the dealers that the rate of CST applicable from 1.4.2008 is 2%. Therefore, it is hereby clarified that until the notification reducing the rate of tax is issued by the Government of India, the present rate of 3% will continue.

(T. Jacob)
Commissioner of Commercial Taxes

TIOL Tube Latest

Former Prime Minister, Dr Manmohan Singh, delivering his Award Acceptance Speech after receiving TIOL Fiscal Heritage Award 2022 on Nov 8 at Taj Palace, New Delhi



Technical Session I - Ease of Doing Business: GST on Digital Economy