Easy Office
LCI Learning

what is sales in transit ?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 January 2012
Sir please clear the concept of sales in Transit and also tell me why cst or other tax is not imposed on a bill of sales in transit .
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
30 January 2012 Sales in transit which means

1. Selling the goods by the buyer before reaching the same to the buyer

2. Buyer instructing the seller to deliver the goods to the some other person (who is the buyer for the buyer)

Sale in transit also taxable based on the transaction either in VAT or in CST
Profile Image

G.Ramesh

Profile Image

G.Ramesh (Expert)
31 January 2012 Agreed with the expert and sale in transit is taxable as per VAT / CST Act




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links