[aaykarbhavan] Declared goods - CST

Hi   Section 15 of CST imposes restriction on states to not impose VAT at more than 4% in case of declared goods mentioned in section 14.     Does this mean that in case of local sale of declared goods, VAT rate muse be 4% or less.   In case of inter-state of declared goods, the CST rate will be 2% or VAT rate (which has to be 4% or less)  whichever is lower against Form C VAT rate (which has to be 4% or less) if no Form C is received.   shivani          Get Jokes, Facts, Vocabulary, Pictures, Songs in your Email   Join Wisdom Garden with your Yahoo Mail ID   Link: http://in.groups.yahoo.com/group/wisdomgarden/   After Joining, Check your Spam Folder and mark mails sent by Wisdom Garden as NOT SPAM to get mails in your Inbox.

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