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
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| 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.
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