CST Full Form
by Yogi P - October 5, 2023
Full Form of CST
CST can stand for two things:
Central Sales Tax: A form of indirect tax imposed on goods sold from one state to another in India.
Central Standard Time: A time zone in North and Central America that is 6 hours behind Coordinated Universal Time (UTC).
Central Sales Tax (CST)
CST is an origin-based tax, meaning that it is levied in the state where the goods are sold. It is payable by the seller to the government of the state where the goods are sold. CST is applicable to both goods and services sold from one state to another.
The CST rate is different in each state and ranges from 2% to 6%. However, there are certain goods and services that are exempt from CST. For example, CST is not applicable to goods and services that are exported or imported.
Central Standard Time (CST)
CST is a time zone that is 6 hours behind Coordinated Universal Time (UTC). It is observed in the central and north-central parts of the United States, as well as in parts of Canada and Mexico.
CST is one of the six time zones in the United States. It is bordered by Pacific Standard Time (PST) to the west, Mountain Standard Time (MST) to the southwest, Eastern Standard Time (EST) to the east, and Atlantic Standard Time (AST) to the northeast.
Conclusion
CST is an abbreviation that can stand for two different things: Central Sales Tax or Central Standard Time. It is important to know the context in which the abbreviation is being used to determine its correct meaning.