'Sale price' under section 2(h) of the Central Sales Tax Act, 1956 does not include— (A) Excise duty (B) Central sales tax (C) Trade discount (D) Freight charges when not shown separately.
CS Executive · Tax Laws and Practice · PYQS · June 2016
'Sale price' under section 2(h) of the Central Sales Tax Act, 1956 does not include— (A) Excise duty (B) Central sales tax (C) Trade discount (D) Freight charges when not shown separately.
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Central Sales Tax
Related Questions in this Topic
- Which of the following is not a 'declared good' under the central sales tax— (A) Cotton (B) Jute (C) Sugar (D) Jewe...
- While determining 'turnover' under the central sales tax, what is the time-limit within which the sold goods returned ar...
- If a dealer has furnished Form C, he is liable to pay central sales tax at the rate of —
- Central sales tax is not payable on the following —
- Central sales tax is levied by the Central Government but administered by —