CST Full Form

CST acronym means Central Sales Tax and is applicable for inter-state sales. It was established vide Central Sales Tax Act of 1956 (Act 74 of 1956). CST is paid in the state during the movement of goods and services. State government tax officials are entrusted with the responsibility of collecting CST.

Established in 1956, the Central Sales Tax Act executed it. It is used to take taxes in exchange for goods or services among different states. The state government tax officials collect these taxes and use them for the good of the people. CST was started as an origin-based tax, this tax is inconsistent with value-added tax, this tax is based upon an inherent tax credit refund. 

There are many motives for collecting CST, like naming out certain kinds of items as special or different for trading, helping with the levy collection from interstate taxation, settling rivalries of different states, helping with taxes in company liquidation. There are certain documents that you need to have as a citizen of India to register for CST. Those documents are  PAN Card, Address Proof, Purchase invoice, Security reference, Bank statement, Photograph, Address proof of establishment.

Though these documents may vary from state to state, they still somewhat majority cover the whole formality. These documents are easily available after issuing, and every citizen of India must have these.

CST - Exemptions

The CST can also be exempted at some points or situations like when one state returns the goods or services to another state in 180 days maximum, the tax can be exempted, when the state is itself exempted, then the CST is not required to be paid and whenever there is a foreign mission and SEZ, the CST is not applicable and nobody needs to pay it.

CST - Characteristics

Central sales tax is applied only to inter-state trade. The collection of taxes is monitored by the tax department of the respective state. This sales tax levied on the sales of services and goods, CST is levied by the central government of India. The central sales tax is imposed more on the declared goods whereas it is imposed less on other goods. The central sales tax does not provide any exemption limit. The central sales tax is never applied to the trade of goods and services within a state only. The central sales tax is developed and regulated by the central government of India under the CST Act, but the state government can reframe rules as and whenever may deem fir.  

Objectives of CST ACT

The basic premise behind the implementation of CST are:

1. Draw principles for determining the purchase and sale of goods during interstate trade or import/export from India

2. Provide for the levy, collection, and distribution of taxes during interstate trade

3. Collection of taxes during company liquidation

4. Settling disputes during interstate trade or commerce

5. Declaring certain types of items as especially important for trade

Documents Required for CST Registration

You would require:

• PAN Card

• Address Proof

• Purchase Invoice

• Bank Statement

• Address Proof of establishment

• Security reference 

• Photograph

The requirement, however, varies from state to state. 

Exemptions from Central Tax

The payment of CST is, however, exempted on certain occasions. These are:

1. When the goods are returned within 180 days from purchase

2. If the state is itself exempted, then there is no need to pay CST

3. CST is not applicable for SEZ and foreign missions 

4. CST is also exempted if the outward freight charges are paid separately or if passed to the buyer

II) CST 

CST stands for Chhatrapati Shivaji Terminus, which is also famous for its former name Victoria Terminus. It is a historical railway station and a UNESCO heritage site in Mumbai. 

CST was built over ten years and opened in 1887 and is an iconic landmark with three stories of domes, turrets, and gables. It became the target of terrorists during the Mumbai attack of 2008. 

The main gate has two columns with a tiger and lion representing India and Great Britain, respectively. It is constructed of limestone and sandstone with Italian marble construction. 

Platforms of CST

CST is a huge terminal station and boasts 18 platforms. Seven platforms are dedicated to EMU trains, and eleven are for long-distance ones. Special trains like Rajdhani, Duronto, and Garib Rath leave from platform number 18. On 16th April 2013, AC dormitories were invented to accommodate 58 beds for men and 20 for women. 

III) 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. 

What do You know About Central Daylight Time?

Countries follow this time following the CST. It is in effect the time zone between mid-March and early November. Saskatchewan in Canada does not have a central time zone as it is close to the Mountain Time Zone. Mexico City is the largest city in the CST and is also considered the largest Metropolitan area.