After much confusion, the Government has finally issued the notification bringing into effect from June 1, 2008 the new reduced rate of CST of 2 per cent on inter-State sales of goods against C-Form. The copy of notification is attached herewith for your records.
Government of India
Ministry of Finance
(Department of Finance)
New Delhi,Dated: May 30,2008
NOTIFICATION
S.O...(E) In exercise of the powers of conferred by the proviso to the subsection (1) of section of the Central Sales Tax Act 1956 (74 of 1956), the Central Government herby reduced the rate of tax as specified in sub-section (1) of section 8 of the said Act from three per cent to two per cent with effect from 1st June, 2008.
[No.1/2008-CST-F.No.28/11/2007-ST]
(R.G.Chabbra)
Undersecretary to Government. of India
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