As perSection 2(d), of CST Act,1956,

Goods means all goods, materials, articles, commodities and all other kinds of movable property

 

except

 

  • Newspapers
  • Stock, Shares and Securities
  • Actionable Claim

 

Hence, no CST on Sale of newspapers, shares, securities and actionable claim

 

QUESTIONS

Whether Old newspapers are goods?

Though newspapers are not goods, old newspapers are goods because they are in nature of scrap and CST is applicable on it

 

Whether immovable items are goods

No, only movable items are goods for purpose of CST

 

Whether Electricity is goods? Whether CST payable on Electricity?

As per definition of goods in Section 2 (d), Electricity is  goods as it is not covered in exception

However it has been specifically excluded from definition of CST as per charging section and hence CST is not applicable on it.

  1. Indirect Tax
  2. CST
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 6 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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