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The full form of CST is Central Sales Tax. CST is an indirect tax imposed on products bought and sold between states. Before being sold to a buyer in another state, products have CST added by the seller in the first state. The Central State Tax Act of 1956 governs CST. The Act defines interstate commerce, the conditions under which CST is applicable, the specifics of trade sanctions, etc. The CST is imposed by the Indian Central Government, however, it may apply to several states.
Exemptions from CST
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CST is an indirect and origin-based tax since it is administered by the state where the transaction originates and is payable in the country’s state where the goods are sold. Only intrastate transactions are allowed. It does not include things made in a state, exported from that state, or sold there. Here are a few examples of exemptions from CST:
- If outbound freight is not included and is paid separately, product coverage is transferred to the customer upon shipment
- Returned merchandise has a 180-day window. If not, it is excluded
- Neither SEZs nor foreign embassies are subject to CST
Also Read: What is the Full Form of TIN?
CST Full Form: Central Standard Time
CST in its whole is another moniker for Central Standard Time. A time zone 6 hours behind Coordinated Universal Time (GMT) is represented by it. To find the local time, you must subtract six hours from Universal Time. North and Central America is where the majority of CST’s territories are located.
The names that CST may be referred to for various locations on the ground are listed below.
- CT or Central Time
- NACST (North American Central Standard Time)
- In French HNC (Heure Normale du Centre)
- In Spanish Tiempo Central Estandar (CST)
- UTC -0600
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What is the Full Form of CST Subject?
Another popular full form of CST in education is Computer Science Technology. It refers to a professional 4-year course degree. The subject emphasizes the development and testing of software systems. For this, it generally involves concepts such as networking, databases, data analysis, algorithms, mathematical models, etc.
Popular Full Forms
We hope this blog has helped you understand the CST Full Form and everything related to it. If you want to know more, find the general full form list on our blog. In the world of short forms, you can rely on the Leverage edu page to know about more important full forms like this! Connect with us study abroad experts to achieve your international dream today!