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WHAT ARE THE OBJECTIVES OF CST ACT ?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

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14482872 1364570583560675 5139278147505618944 n answered

(i) any trade, commerce or manufacture, or any adventure or concern in the nature of trade, soundcloud downloader commerce or manufacture, whether or not such trade, commerce, manufacture, adventure or concern is carried on with a motive to make gain or profit and whether or not any gain or profit accrues from such trade, commerce, manufacture, adventure or concern 

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

The objectives of cst act as stated in preamble of the cst act are To formulate principles for determining a)when a sale or purchase takes place in the course of interstate trade or commerce. b) When a sale or purchase takes place outside a state c) When a sale or purchase takes place in the course of imports into or export from india. To provide for levy,collection and distribution of taxes on sales of goods in the course of interstate trade or commerce.

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Open uri20170510 32134 1c996lj?1494421732 answered

Hie a)when a sale or purchase takes place in the course of interstate trade or commerce. b) When a sale or purchase takes place outside a state c) When a sale or purchase takes place in the course of imports into or export from india. To provide for levy,collection and distribution of taxes on sales of goods in the course of interstate trade or commerce.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

1. Formulate principles for determining when a sale or purchase of goods takes place - in the course of interstate trade or commerce ; or - outside a State ; or -in the course of import into or export from India. 2. Provide for the :-levy of collection and distribution Of taxes on sales of goods in the course of interstate trade or commerce.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

a)when a sale or purchase takes place in the course of interstate trade or commerce. b) When a sale or purchase takes place outside a state c) When a sale or purchase takes place in the course of imports into or export from india. To provide for levy,collection and distribution of taxes on sales of goods in the course of interstate trade or commerce.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

OBJECTIVES OF CST ACT The objectives of cst act as stated in preamble of the cst act are To formulate principles for determining a)when a sale or purchase takes place in the course of interstate trade or commerce. b) When a sale or purchase takes place outside a state c) When a sale or purchase takes place in the course of imports into or export from india. To provide for levy,collection and distribution of taxes on sales of goods in the course of interstate trade or commerce. To declare certain goods to be of special importance in interstate trade or commerce and specify the restrictions and conditions to which state laws imposing taxes on sale or purchase of such goods of special importance called as declared goods shall be subject. Thanks

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Open uri20170510 32134 tcchcu?1494421832 answered

Hiiii friend.... **Objectives of CST Act** 1. Formulate principles for determining when a sale or purchase of goods takes place - in the course of interstate trade or commerce ; or - outside a State ; or -in the course of import into or export from India. 2. Provide for the :-levy of collection and distribution Of taxes on sales of goods in the course of interstate trade or commerce. 3. Declare certain goods to be of special importance of inter state trade or commerce. 4. Specify the restriction and conditions to which state laws imposing taxes on the sale or purchase of such goods of special importance shall be subject. 5. Provides for collection of tax in the event of liquidation of a company. 6. Authority to settle disputes in course of interstate trade or commerce. Thanks & Regards,

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