WebJul 1, 2024 · Central Sales tax refers to the tax levied on sales generated during inter-state trade and commerce in a country. In essence it is the tax one has to pay on the sale of goods which are sold through inter-state trade. Central Sales Tax (CST) is an indirect tax, origin based tax on customers and is payable in the state where a particular product ... WebInter-State Council is an important topic for UPSC exam. Read more on Inter-State council and its functions; also read the highlights of the 11th Inter-State Council meeting for IAS …
Centre State Relations - Financial, Administrative & legislative
Subject to the provisions of this Part, trade, commerce, and intercourse throughout the territory of India shall be free. Article 303(1) declares that neither the Parliament nor the State Legislature shall have the power to make any law giving, or authorizing the giving of, any preference to one State over another; or making … See more The freedom of inter-state trade and commerce guaranteed by Article 301 is freedom from all restrictions, except those which are provided for in the other provisions (Articles … See more Any federal structure’s main challenge is to reduce interstate barriers as much as possible so that individuals feel as though they are part of a single country and are free to live in any of … See more The difference in the scope of the provisions of Articles 19(1)(g) and 301, guarantees the freedom of trade and commerce: Article 19(1)(g) looks at freedom from the standpoint of the individual who seeks … See more In conclusion, the problems concerning inter-state trade and commerce are more economic in content than legal. The Constitution aimed to … See more WebApr 6, 2024 · Meaning of CST. Central Sales tax refers to the tax levied on sales generated during inter-state trade and commerce in a country. It is an indirect, origin-based tax. Central sales tax is a subject of the Union List in the Constitution of India and is therefore, the prerogative of the Central Government to levy the same. fuchsia crape myrtle
Inter State Council: Composition, Functions, Article 263
WebOct 10, 2024 · Suppose the applicable tax rates for the goods sold are CGST= 9%, SGST=9%, and IGST=9+9=18%. Since A is selling this to B in Maharashtra itself, it is an intra-state sale and so, CGST@9% and SGST@9% will apply. Dealer B (Maharashtra) is selling to Trader C (Rajasthan). Hence, this is an interstate sale, with IGST@18%. http://interstatecouncil.nic.in/wp-content/uploads/2015/06/CHAPTERXVIII.pdf WebInter-state trade and commerce. Article 301 to 307 in Part 13 of the constitution deal with the trade, commerce and intercourse within the territory of India; Article 301 declares … gillian speight