Sales tax is levied on the sale of a commodity which is produced or imported and sold for the first time. If the product is sold subsequently without being processed further, it is exempt from sales tax.
Sales tax can be levied either by the Central or St...
C Forms Under CST ACT 1956
SOME ISSUES PERTAINING TO C FORMS UNDER CST ACT 1956
Under CST Act 1956 there are lot of Forms and declarations which help in saving CST on the interstate transactions. C form is an important and foremost common among dealers registered under CST Act 1956 enga...
Who Should Register?
You are required to register under DVAT if:
Your turnover in the year preceding the commencement of the DVAT Act exceededRs. 5 lakhs;
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Value Added Tax is widely believed to be a tax which is not so evasion prone because of the audit trail that it creates. However, this audit trail is not so much easy to pursue mainly because of very voluminous records of input credit that are to be checked.
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