B Com Exam > B Com Videos > Indirect Tax Laws > Nature and Scope of Central Sales Tax (CST), Indirect Tax Laws
Nature and Scope of Central Sales Tax (CST), Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com
|
50 videos|54 docs
|
FAQs on Nature and Scope of Central Sales Tax (CST), Indirect Tax Laws Video Lecture - Indirect Tax Laws - B Com
| 1. What is Central Sales Tax (CST)? |  |
Ans. Central Sales Tax (CST) is an indirect tax levied on the sale of goods from one state to another in India. It is governed by the Central Sales Tax Act, 1956 and is collected by the state government from the seller of the goods.
| 2. What is the scope of Central Sales Tax (CST)? | |
Ans. The scope of Central Sales Tax (CST) covers the sale of goods that are intended for inter-state trade or commerce. It applies to both tangible and movable goods, excluding certain items such as petroleum and alcoholic liquor for human consumption.
| 3. How is Central Sales Tax (CST) different from other indirect taxes? | |
Ans. Central Sales Tax (CST) differs from other indirect taxes as it specifically applies to inter-state sales of goods. Other indirect taxes, such as Value Added Tax (VAT) or Goods and Services Tax (GST), are levied on intra-state sales within a particular state.
| 4. What are the key provisions of the Central Sales Tax (CST) Act, 1956? | |
Ans. The key provisions of the Central Sales Tax (CST) Act, 1956 include the determination of the taxable event, determination of the place of sale, provisions for registration and collection of tax, exemptions, and penalties for non-compliance.
| 5. How does Central Sales Tax (CST) impact businesses and consumers? | |
Ans. Central Sales Tax (CST) impacts businesses involved in inter-state trade by increasing the cost of goods due to the additional tax burden. Consumers may also experience higher prices for goods purchased from other states. However, the implementation of GST has simplified the tax structure and reduced the impact of CST.
Related Exams
About this Video
|
4.81/5 Rating |
|
Nov 22, 2024 Last updated |
Video Description: Nature and Scope of Central Sales Tax (CST), Indirect Tax Laws for B Com 2024 is part of Indirect Tax Laws preparation.
The notes and questions for Nature and Scope of Central Sales Tax (CST), Indirect Tax Laws have been prepared according to the B Com exam syllabus.
Information about Nature and Scope of Central Sales Tax (CST), Indirect Tax Laws covers all important topics for B Com 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Nature and Scope of Central Sales Tax (CST), Indirect Tax Laws.
Introduction of Nature and Scope of Central Sales Tax (CST), Indirect Tax Laws in English is available as part of our Indirect Tax Laws for B Com & Nature and Scope of Central Sales Tax (CST), Indirect Tax Laws in
Hindi for Indirect Tax Laws course. Download more important topics related with notes, lectures and mock test series for
B Com Exam by signing up for free.
Description
Video Lecture & Questions for Nature and Scope of Central Sales Tax (CST), Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com - B Com full syllabus preparation | Free video for B Com exam to prepare for Indirect Tax Laws.
Information about Nature and Scope of Central Sales Tax (CST), Indirect Tax Laws
Here you can find the meaning of Nature and Scope of Central Sales Tax (CST), Indirect Tax Laws defined & explained in the simplest way possible.
Besides explaining types of Nature and Scope of Central Sales Tax (CST), Indirect Tax Laws theory, EduRev gives you an ample number of questions to practice Nature and Scope of Central Sales Tax (CST), Indirect Tax Laws tests,
examples and also practice B Com tests.
|
50 videos|54 docs
|
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
study material
,Objective type Questions
,Summary
,video lectures
,shortcuts and tricks
,practice quizzes
,Previous Year Questions with Solutions
,Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com
,Nature and Scope of Central Sales Tax (CST)
,Sample Paper
,past year papers
,Nature and Scope of Central Sales Tax (CST)
,MCQs
,ppt
,Free
,Viva Questions
,mock tests for examination
,Semester Notes
,Important questions
,Nature and Scope of Central Sales Tax (CST)
,Extra Questions
,Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com
,Indirect Tax Laws Video Lecture | Indirect Tax Laws - B Com
,Exam
;
Study Nature and Scope of Central Sales Tax (CST), Indirect Tax Laws on the App
Students of B Com can study Nature and Scope of Central Sales Tax (CST), Indirect Tax Laws alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Nature and Scope of Central Sales Tax (CST), Indirect Tax Laws,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Nature and Scope of Central Sales Tax (CST), Indirect Tax Laws is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup