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Gopika Juneja, Lovely Professional University Unit 12: Central Sales Tax

Unit 12: Central Sales Tax Notes

CONTENTS
Objectives
Introduction
12.1 Important Features of the Act

12.2 Important Definitions
12.3 In the Course of Inter-state Trade
12.3.1 Occasions Movement of Goods Section 3(a)
12.3.2 Sale by Transfer of Documents Section 3(b)

12.4 Sale or Purchase of Goods Outside a State
12.5 Inter-state Sales Tax
12.6 Intra-state Sales Tax
12.6.1 Importance of VAT in India
12.7 Sale or Purchase of Goods in the Course of Import and Export – Section 5
12.7.1 Export of Goods out of India – Section 5(1)

12.7.2 Deemed Exports Section 5(5)
12.8 Liability to Tax on Inter-state Sales
12.8.1 Rates of Tax
12.8.2 Determination of Turnover
12.8.3 Collection of Tax Section 9(A)

12.9 Registration of Dealers
12.9.1 Amendment of Certificate of Registration
12.9.2 Cancellation of Certificate of Registration
12.10 Procedures under CST Act
12.11 Forms for Declarations
12.12 Summary

12.13 Keywords
12.14 Review Questions
12.15 Further Readings

Objectives

After studying this unit, you should be able to:

 Know about the important features of the Central Sales Tax
 Understand the Principles of Central Sales Tax
 Know about the determination of Turnover

LOVELY PROFESSIONAL UNIVERSITY 195