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Sales Tax Interview Questions

Below we have listed all the Sales Tax Interview Questions and answers. Feel free to comment on any Sales Tax Interview Questions or answer by the comment feature available on the page.

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Sales tax charged on the sales of movable goods. Sale tax on Inter State sale is charged by Union Government, while sales tax on intra-State sale (sale within State) (now termed as VAT) is charged by State Government. Sales can be broadly classified in three categories. (a) Inter-State Sale (b) Sale during import/export (c) Intra-State (i.e. within the State) sale. State Government can impose sales tax only on sale within the State. CST is payable on inter-State sales is @ 2%, if C form is obtained. Even if CST is charged by Union Government, the revenue goes to State Government. State from which movement of goods commences gets revenue. CST Act is administered by State Government.

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What is Form H used for, in case of Central Sales Tax (CST)?
4.7 Rating
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What is Form F used for, in case of Central Sales Tax (CST)?
4.9 Rating
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What is Registration under CST Act in case of Central Sales Tax (CST)?
4.4 Rating
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What happens if the conditions for CST Act are satisfied?
5.0 Rating
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Where is Central Sales Tax (CST) paid and who collects them?
4.6 Rating
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What is the rate of Central Sales Tax (CST)?
4.6 Rating
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What is Form C used for, in case of Central Sales Tax (CST)?
4.3 Rating
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What are the types of Sales Tax?
4.0 Rating
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What are the objectives of CST Act?
3.4 Rating
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What is Inter-State Sale in case of Central Sales Tax (CST)?
4.5 Rating
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What is Central Sales Tax (CST)?
3.4 Rating
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What are the conditions for CST Act to become applicable?
3.7 Rating
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What are different types of Central Sales Tax (CST) Transaction Forms?
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What is Form I used for, in case of Central Sales Tax (CST)?
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What is Forms E1 and E2 used for, in case of Central Sales Tax (CST)?
3.1 Rating
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What is Sale Price in case of Central Sales Tax (CST)?
4.0 Rating
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What is inter-state sale in case of Sales Tax?
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What are Declared Goods in case of Central Sales Tax (CST)?
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India News Network
Latest 20 Questions
Payment of time- barred debt is: (a) Valid (b) Void (c) Illegal (d) Voidable
Consideration is defined in the Indian Contract Act,1872 in: (a) Section 2(f) (b) Section 2(e) (c) Section 2(g) (d) Section 2(d)
Which of the following is not an exception to the rule, "No consideration, No contract": (a) Natural love and affection (b) Compensation for involuntary services (c) Completed gift (d) Agency
Consideration must move at the desire of: (a) The promisor (b) The promisee (c) The promisor or any other party (d) Both the promisor and the promisee
An offer which is open for acceptance over a period of time is: (a) Cross Offer (b) Counter Offer (c) Standing Offer (d) Implied Offer
Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above
_________ amounts to rejection of the original offer. (a) Cross offer (b) Special offer (c) Standing offer (d) Counter offer
A advertises to sell his old car by advertising in a newspaper. This offer is caleed: (a) General Offer (b) Special Offer (c) Continuing Offer (d) None of the above
In case a counter offer is made, the original offer stands: (a) Rejected (b) Accepted automatically (c) Accepted subject to certain modifications and variations (d) None of the above
In case of unenforceable contract having some technical defect, parties (a) Can sue upon it (b) Cannot sue upon it (c) Should consider it to be illegal (d) None of the above
If entire specified goods is perished before entering into contract of sale, the contract is (a) Valid (b) Void (c) Voidable (d) Cancelled
______________ contracts are also caled contracts with executed consideration. (a) Unilateral (b) Completed (c) Bilateral (d) Executory
A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of (a) Counter Offer (b) Cross Offer (c) Specific Offer (d) General Offer
_____________ is a game of chance. (a) Conditional Contract (b) Contingent Contract (c) Wagering Contract (d) Quasi Contract
There is no binding contract in case of _______ as one's offer cannot be constructed as acceptance (a) Cross Offer (b) Standing Offer (c) Counter Offer (d) Special Offer
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When an offer is made to the world at large, it is ____________ offer. (a) Counter (b) Special (c) General (d) None of the above
Implied contract even if not in writing or express words is perfectly _______________ if all the conditions are satisfied:- (a) Void (b) Voidable (c) Valid (d) Illegal
A specific offer can be accepted by ___________. (a) Any person (b) Any friend to offeror (c) The person to whom it is made (d) Any friend of offeree
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