Just upload your form 16, claim your deductions and ClearTax serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses acrossД®filing Income Tax Returns(ITR) is made easy with ClearTax platform. currently, the GST Act excludes from its ambit, six goods, namely, High Speed Diesel, Aviation Turbine Fuel, Liquor for Human Consumption, Natural Gas, Petroleum Crude, and Petrol which will fall under the CST and State Sales Tax.Д¬learTax offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants Even mismatch reconciliation is done on a real time basis.Д®ven though GST subsumed Central Sales Tax, the Act of 1956 still governs the purchase or sale of goods in the course of inter-state trade and commerce, to the extent of the goods prescribed under the definition of вЂњGoodsвЂќ under Section 8(3)(b).

The system works on a real time basis with continual uploading of invoices and credit details.

There is complete removal of the cascading effect with the input credit mechanism.

The tax levied under this regime is a destination-based tax system.

The system worked on a post-facto and not real time basis.There is a cascading effect on taxes as credit of CST was not available.Tax on interstate commerce and trade was an origin-based tax.Sales Tax has been replaced by the Goods and Services Tax (GST) starting 1 July 2017.Дifferences Between Tax on Sale in CST and GST regimes CST Regime But this tax is no longer in force in the territory of India.The statute governing sales tax is Central Sales Tax Act, 1956.CST was collected as a percentage of the sale price of the commodity.The State Government Sales Tax officer, who was responsible for the assessment and collection of local (state) sales tax was also made to assess and collect CST.It is charged only on inter-state transactions and any transaction within a state or import-export of goods does not fall under its purview.However, it is administered by the state in which a particular sale originates. 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.Central Sales tax refers to the tax levied on sales generated during inter-state trade and commerce in a country.

What is cst