B Com Exam > B Com Notes > Indirect Tax Laws > Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws
Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws | Indirect Tax Laws - B Com PDF Download
PROCEDURE:
Every dealer who effects inter-state sale is required to register with State sales tax authorities who are empowered to grant registration under CST Act. Application should be in form ‘A’. Security has to be furnished. Certificate of registration will be in form ‘B’.
PROCEDURE FOR REGISTRATION
1. The dealer must make an application to the concerned authority in the appropriate state, in Form A within 30 days of the day when he becomes liable to pay tax. The form contains the following details.
(i) Name of the manager of business
(ii) Name and addresses of proprietor or partner of the business.
(iii) Date of establishment of business.
(iv) Date on which first inter-state sale was made.
(v) Name of the Principal place and other places of business in the appropriate state.
(vi) Particulars of any license held by the dealer.
2. Single Place of business – If a dealer has single place of business in the appropriate State and he is registered in that state, he shall apply to the sales tax authority of that state only for obtaining registration under central sales tax Act
3. More than one place of business in the same state – If a dealer has more than one place of business in the same state , he shall select one of these places as the principal place of business and , get only one certificate of registration.
4. More than one place of business in different states. If a dealer has more than one place of Business in different states, he will get a separate certificate of registration with respect to each state.
5. Fees for Registration is Rupees twenty five to be paid in cash or court fee stamp.
6. The application has to be signed by, in case of –
• Sole proprietorship , the proprietor
• Partnership firm, any one the partner
• HUF, the karta
• Company, the director
• Government, authorized officer
Grant of Certificate of Registration sec 7 (3)
If the application is in order and assessing officer is fully satisfied with the facts contained therein, he will register the dealer under this Act and issue a certificate of Registration in Form B. If a dealer has more than one place of business then additional copies of certificate will be issued.
All items of purchase and sale must be included in CST Registration Certificate. Otherwise, these are not eligible for purchase at concessional rate
The document Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws | Indirect Tax Laws - B Com is a part of the B Com Course Indirect Tax Laws.
All you need of B Com at this link: B Com
|
50 videos|54 docs
|
FAQs on Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws - Indirect Tax Laws - B Com
| 1. What is the procedure for registration as a dealer under the Central Sales Tax Act? |  |
Ans. The procedure for registration as a dealer under the Central Sales Tax Act is as follows:
1. Application: The dealer needs to submit an application for registration in the prescribed format to the concerned sales tax department.
2. Document Submission: Along with the application, the dealer needs to submit documents such as proof of business address, PAN card, bank account details, and other relevant documents as required by the sales tax department.
3. Verification: The sales tax department verifies the documents submitted by the dealer and may conduct a physical verification of the business premises.
4. Registration Certificate: If the department is satisfied with the documents and verification, they issue a registration certificate to the dealer.
5. Display of Certificate: The dealer is required to prominently display the registration certificate at their place of business.
| 2. What is the Central Sales Tax Act? | |
Ans. The Central Sales Tax Act is a piece of legislation enacted by the Indian government to regulate the levy and collection of sales tax on interstate sales and purchases of goods. It provides the legal framework for imposing taxes on the sale of goods that occur between different states within India.
| 3. What is the significance of registration as a dealer under the Central Sales Tax Act? | |
Ans. Registration as a dealer under the Central Sales Tax Act is significant for the following reasons:
1. Legal Requirement: It is a legal requirement for dealers engaged in interstate sales and purchases of goods to register under the Act.
2. Tax Compliance: Registered dealers are required to collect and remit the Central Sales Tax on their interstate sales, ensuring compliance with the tax laws.
3. Input Tax Credit: Registered dealers are eligible to claim input tax credit on the tax paid on their purchases, leading to a reduction in the overall tax liability.
4. Business Credibility: Registration as a dealer enhances the credibility of the business as it signifies compliance with tax laws and regulations.
| 4. Can a dealer be registered under the Central Sales Tax Act without a PAN card? | |
Ans. No, a dealer cannot be registered under the Central Sales Tax Act without a PAN (Permanent Account Number) card. The PAN card is a mandatory document required for registration as it serves as an identification number for the dealer. It is used for various purposes, including filing tax returns, claiming input tax credit, and verifying the dealer's income details. Therefore, having a PAN card is essential for registration under the Act.
| 5. Is there any threshold limit for registration as a dealer under the Central Sales Tax Act? | |
Ans. Yes, there is a threshold limit for registration as a dealer under the Central Sales Tax Act. As per the Act, a dealer is required to register if their turnover of interstate sales exceeds a specified threshold limit. The threshold limit may vary from state to state as it is determined by the respective state governments. It is important for dealers to check the threshold limit applicable in their state and register accordingly to comply with the provisions of the Act.
Related Exams
About this Document
|
2K Views |
|
4.66/5 Rating |
|
Dec 23, 2024 Last updated |
Document Description: Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws for B Com 2024 is part of Indirect Tax Laws preparation.
The notes and questions for Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws have been prepared according to the B Com exam syllabus. Information about Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws covers topics
like and Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws Example, for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws.
Introduction of Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws in English is available as part of our Indirect Tax Laws
for B Com & Procedure and Registration of Dealer - Central Sales Tax Act, 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. B Com: Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws | Indirect Tax Laws - B Com
Description
Full syllabus notes, lecture & questions for Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws | Indirect Tax Laws - B Com - B Com | Plus excerises question with solution to help you revise complete syllabus for Indirect Tax Laws | Best notes, free PDF download
Information about Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws
In this doc you can find the meaning of Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws defined & explained in the simplest way possible. Besides explaining types of
Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws theory, EduRev gives you an ample number of questions to practice Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws tests, examples and also practice B Com
tests
|
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
shortcuts and tricks
,Summary
,Indirect Tax Laws | Indirect Tax Laws - B Com
,mock tests for examination
,Sample Paper
,Free
,Viva Questions
,Exam
,Previous Year Questions with Solutions
,Important questions
,study material
,Semester Notes
,past year papers
,Indirect Tax Laws | Indirect Tax Laws - B Com
,MCQs
,Objective type Questions
,practice quizzes
,Procedure and Registration of Dealer - Central Sales Tax Act
,Indirect Tax Laws | Indirect Tax Laws - B Com
,Extra Questions
,Procedure and Registration of Dealer - Central Sales Tax Act
,Procedure and Registration of Dealer - Central Sales Tax Act
,ppt
,video lectures
,
Additional Information about Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws for B Com Preparation
Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws Free PDF Download
The Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws is an invaluable resource that delves deep into the core of the B Com exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws now and kickstart your journey towards success in the B Com exam.
Importance of Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws
The importance of Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws cannot be overstated, especially for B Com aspirants.
This document holds the key to success in the B Com exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws Notes
Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws Notes on EduRev are your ultimate resource for success.
Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws B Com Questions
The "Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws B Com Questions" guide is a valuable resource for all aspiring students preparing for the
B Com exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws on the App
Students of B Com can study Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Procedure and Registration of Dealer - Central Sales Tax Act, 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 Procedure and Registration of Dealer - Central Sales Tax Act, Indirect Tax Laws is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup