Question

Explain the objects of enactment of C.S.T. Act. l956.

Answer 1

ANSWER

The CST Act, 1956 Act provides for declaration of certain goods to be of special importance in inter-State trade or commerce and lay down restrictions on the taxation of such items. After this amendment, the rate of CST on inter-State sales to Government will be same as VAT/ State sales tax rate.

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Answer 2

Answer:

Explanation:

Provide for the levy, collection, and distribution of taxes on the sale of goods in the course of inter-State trade.” Specification of conditions and restrictions on state laws imposing taxes on declared goods