CST Full Form

What is the full form of CST ?

CST is the abbreviation of Central Sales Tax. This is a type of indirect tax. It is imposed upon goods when transferred or sold from different states. Here the Central Sales Tax begins with the seller from one state and is set on the buyer, who is usually from another state. This was started after the agreement of the Central Sales Tax Act in the year 1956. This Act is bordered by a set of rules that explain the cases in which the tax is applicable, regarding sanctions and trade restrictions, etc. This is a kind of tax where the regulations are based on the state in which the transaction occurs, and the amount is payable in that state where the product is sold.

This Story also Contains

1. What is the full form of CST ?
2. Exemptions
3. Goals of CST
4. Documents required

Exemptions

CST is excluded,

• When outward freight is paid during bulk product transfers

• When goods are returned within 180 days

• During international missions and SEZs

Goals of CST

• Provide arrangements to require and disperse charges affected during highway offer of the products.

• To provide proper details of arrangements regarding highway business

• Plotting specific transactions as necessary for trade

Documents required

• Government ID

• Address proof (Business address)

• PAN card

• Photos

• Invoice

• Receipt

• Bank statement

• Security