What Is The CST Number?

by | Last updated on January 24, 2024

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TIN Number is expanded as Tax Payer Identification Number and is also know as VAT Number or CST Number or

Sales Tax Number

. TIN is a unique number that’s allotted by the Commercial Tax Department of each State Government.

How can I get CST number?

Mandatory documents required to apply for a TIN registration are: ID Proof / Address proof / PAN card of proprietor with 4 to 6 number of photographs, Address proof of Business premises, 1st Sale / Purchase Invoice, copy of LR/GR & payment/collection proof with bank statement, Surety/Security/Reference.

What is CST number of a company?

TIN Number is expanded as Tax Payer Identification Number and is also know as VAT Number or CST Number or

Sales Tax Number

. TIN is a unique number that’s allotted by the Commercial Tax Department of each State Government.

What is CST TIN number?

TIN is

a unique identification number required for every business enterprise registered under VAT

. … All business dealers who seek to register under VAT or the Central Sales Tax (CST) are furnished a TIN by the IT department.

Is VAT and CST number same?

VAT: Value-added tax or VAT is an indirect tax levied at various stages of production. … CST: CST, or Central Excise Tax, is an indirect tax levied on interstate sales.

CST is not levied at every stage of production

, and not even on the sale of the goods if they are sold in the same state.

What is CST with example?

CST is levied when the goods are transferred or at the time of generating invoice whichever is earlier. For example,

if sale of goods is moved from Mumbai to Bangalore

, CST is levied. The revenue collected as Value Added Tax VAT is meant for central government. The exempted goods are not charged CST.

What is full form CST?

CST full form means

Central Standard Time

and stands behind 6 hours behind Coordinated Universal Time. It is mainly observed in the regions of Central and North America.

Is CST and GST same?

The short form of Goods and Service Tax is called GST. CST means Central Sales Tax. … GST is charged on goods and services at the end stage of distribution of goods. Many indirect taxes including

CST are being eliminated and merged with GST

.

What is the tin no?

Taxpayer Identification Number – TIN or Taxpayer Identification Number is

an 11 digit numeric code

which is mandatory for traders or dealers who participate in transactions which attract VAT. All businesses which participate in interstate trade are expected to have a TIN.

What is VAT and CST?

VAT means Value Added Tax.

CST means Central Sales Tax

. VAT is levied on each stage of production or distribution. CST is not levied on each stage of production or distribution. VAT is levied on sales conducted within a State.

What is the fee for tin number?

– Accomplish BIR Form 1904 and submit the same, together with the required attachments to the RDO having jurisdiction over the place of residence of the applicant. c) Payment of

P500.00 for Registration Fee

(if applicable) and P30.00 for loose DST or Proof of Payment of Annual Registration Fee (ARF).

How do I know my tin number?

  1. Check your TIN card, company ID, ITR, or other documents.
  2. Verify with your employer.
  3. Call the BIR hotlines.
  4. Send an email inquiry to the BIR.
  5. Visit the BIR RDO.

What are the documents required for tin number?

Based on the BIR official website, below are the TIN ID requirements for the application documents for employees. Identification documents include a

birth certificate, passport, LTO driver’s license, or community tax certificate

.

Who is liable to pay CST?


Every dealer is liable

to pay tax under the Central Sales Tax Act, on all sales of goods (other than Electrical Energy) effected by him in the course of inter-State trade or commerce during the year. The tax is payable if the sale or purchase: Occasions the movement of goods from one State to another, or.

What is CST tax rate?

Local Tax Rate Central Sales Tax Rate
2%


2%
>2% 2% (form C required)

What are the 3 types of GST?

  • The Central Goods and Services Tax (CGST)
  • The State Goods and Services Tax (SGST)
  • The Union Territory Goods and Services Tax (UTGST)
  • The Integrated Goods and Services Tax (IGST)
Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.