Central Sales Tax

Smartphones, tablets could become cheaper by 7-8 percent

Telecom Minister Kapil Sibal has written to a committee of state finance ministers asking them to declare mobile phones and tablets as goods of special importance under Central Sales Tax Act, which may lead to the gadgets becoming cheaper.

Smartphones, tablets could become cheaper by 7-8 percent

Telecom Minister Kapil Sibal has written to a committee of state finance ministers asking them to declare mobile phones and tablets as goods of special importance under Central Sales Tax Act, which may lead to the gadgets becoming cheaper.

CST compensation formula approved, paves way for GST rollout

States have agreed to the compensation formula suggested by the Centre for their Central Sales Tax revenue loss for implementing the Goods and Services Tax. However, it is unlikely the new indirect tax regime would be introduced in 2013-14