TIOL-DDT 863 · Monday, 12 May 2008 · story 2 of 4

What is the CST rate?

A Netizen asks,

It seems the Finance Minister has forgotten his speech in parliament. What is the outcome of the meeting with the Empowered Committee/Sate Finance Ministers for lowering the rate of CST to 2%.?

After two rounds of talks there seems to be no further development on this issue, whereas it is learnt that many small and medium enterprises paid/paying only 2% CST, taking the Finance Minister's speech in Parliament as base.

Will somebody clarify?