CST-TIN registration Number
(a) in clause (h), the following proviso shall be inserted at the end, namely:—
'(i) "sales tax law" means any law for the time being in force in any State or part thereof which provides for the levy of taxes on the sale or purchase of goods generally or on any specified goods expressly mentioned in that behalf and includes value added tax law, and "general sales tax law" means any law for the time being in force in any State or part thereof which provides for the levy of tax on the sale or purchase of goods generally and includes value added tax law;';(b) for clause (i), the following clause shall be substituted, namely:—
"Provided that in the case of a transfer of property in goods (whether as goods or in some other form) involved in the execution of a works contract, the sale price of such goods shall be determined in the prescribed manner by making such deduction from the total consideration for the works contract as may be prescribed and such price shall be deemed to be the sale price for the purposes of this clause.";
CST-TIN registration Number:-
The Central sales tax (CST) may be a levy of tax on sales, that area unit settled within the course of inter-State trade or commerce. per the Constitution of India, no State will levy nuisance tax on any sales or purchase of products that takes place within the course of interstate trade or commerce. solely parliament will levy tax on such group action. The Central nuisance tax Act was enacted in 1956 to formulate principles for deciding once a procurement or purchase of products takes place within the course of interstate trade or commerce. The Act additionally provides for the levy and assortment of taxes on sale merchandise|of products} within the course of interstate trade and commerce and to declare sure goods to be of special importance within the interstate commerce or trade.
The central excise is AN revenue enhancement on customers. tho' standard time may be a central levy, but it's administered by the involved State within which the sale originates. the vendor or a dealer of products in a very State has got to collect State excise on the sale of products within the State moreover as central excise on sales that takes place within the course interstate trade or commerce.
The objects of the Central excise tax Act, 1956 area unit given within the preamble of the Act that says that it's Associate in Nursing Act to formulate principles for determinant once a purchase or purchase of products takes place within the course of inter-state trade or commerce or outside the a State or within the course alpha into or export from Asian country, to supply for the levy, assortment and distribution of taxes on sales merchandise|of products} within the course of inter-State trade or commerce and to declare bound product to be of special importance in inter-State trade or commerce and specify the restrictions and conditions to that State laws imposing taxes on the sale or purchase of such goods of special importance shall be subject.