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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.
