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WHAT ARE THE OBJECTIVES OF CST ACT ?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked over 2 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Ashika answered over 2 years ago

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 Anil answered over 2 years ago

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 narahari answered over 2 years ago

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 veeru answered over 2 years ago

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 lochan answered over 2 years ago

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 Jitendra Suthar answered over 2 years ago

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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