The basic premise behind the implementation of CST are:
Draw principles for determining the purchase and sale of goods during interstate trade or import/export from India
Provide for the levy, collection, and distribution of taxes during interstate trade
Collection of taxes during company liquidation
Settling disputes during interstate trade or commerce
Declaring certain types of items as especially important for trade
You would require:
Address Proof of establishment
The requirement, however, varies from state to state.
The payment of CST is, however, exempted on certain occasions. These are:
When the goods are returned within 180 days from purchase
If the state is itself exempted, then there is no need to pay CST
CST is not applicable for SEZ and foreign missions
CST is also exempted if the outward freight charges are paid separately or if passed to the buyer
CST stands for Chhatrapati Shivaji Terminus, which is also famous by its former name Victoria Terminus. It is a historical railway station and a UNESCO heritage site in Mumbai.
CST was built over ten years and opened in 1887 and is an iconic landmark with three stories of domes, turrets, and gables. It became the target of terrorists during the Mumbai attack of 2008.
The main gate has two columns with a tiger and lion representing India and Great Britain, respectively. It is constructed of limestone and sandstone with Italian marble construction.
CST is a huge terminal station and boasts of 18 platforms. Seven platforms are dedicated to EMU trains, and eleven are for long-distance ones. Special trains like Rajdhani, Duronto, and Garib Rath leave from platform number 18. On 16th April 2013, AC dormitories were invented to accommodate 58 beds for men and 20 for women.
CST full form means Central Standard Time and stands behind 6 hours behind Coordinated Universal Time. It is mainly observed in the regions of Central and North America.
Countries follow this time following the CST. It is in effect the time zone between mid-March and early November. Saskatchewan in Canada does not have a central time zone as it is close to the Mountain Time Zone. Mexico City is the largest city in the CST and is also considered the largest Metropolitan area.
1. Explain CST with Example?
Ans: CST is imposed during the intra-state movement of goods. For example, when you move from Mumbai to Kolkata, CST is levied. It is also one of the important components of VAT. Now CST has been eliminated and merged with GST or Goods & Services Tax.
2. What is So Brilliant About CST ?
Ans: Chhatrapati Shivaji Terminus was earlier known as Victoria Terminus. It is an excellent example of Victorian Gothic architecture that blends perfectly with traditional Indian art. The terminus blends both these worlds perfectly and becomes the perfect melting pot of Indo-British cultural heritage.
3. What is the difference Between CST and GMT?
Ans: CST is 6 hours behind GMT during the winter months and 5 hours behind GMT during the summer months (also referred to as the Central Daylight Time or CDT).
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