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Discussion > VAT >

CST - Forms E1 and E2

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[ Scorecard : 1561]
Posted On 28 August 2008 at 18:55 Report Abuse

Anyone please explain in simple words  WITH EXAMPLE as to when Forms E1 and E2 are be used under CST Act.

 

Thanks

 

 


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Satyendra sahu
service

[ Scorecard : 216]
Posted On 29 August 2008 at 09:55

Boss refer rule 7 of CST  Rules

Further I am attaching copy of Rule7. pl go thru it you will understand.

 



Attached File : 15 rule 7 of cst.doc downloaded 8126 times



Satyendra sahu
service

[ Scorecard : 216]
Posted On 29 August 2008 at 10:00

As far as example is considered,

Case 1. Form E1,

A- Buyer ( Hyderabad), B - seller (Bangalore). It is the first sale of any particular goods. then B will issue form E1 to A.

Case 2. Form E2,

A- Buyer of original goods now seller, C- new buyer ( Chennai). Here A is selling same goods again in interstate trade it is subsequent sale. Then A will issue form E2 to  C.

I hope now it is clear to you, if not pl keep asking.

 

 

 




Anil

[ Scorecard : 1561]
Posted On 29 August 2008 at 10:33

Thank you very much sir.

The purpose of E1 and E2 are clear to me.

I have few more doubts. Please clear them too.

1) Can I understand that in case of interstate sale the buyer gives form 'C' and the seller gives  'E1'  or  'E2' as the case may be.Just confirming.

 

2)

a)When(time) should the seller issue form ' E1 or E2? Should it be given along with the invoice or can he issue that at the end of the year ?

b)When(time)should the buyer issue form 'C"?

c)When(time) should E1,E2,C forms are to be submitted to the department?

 

Please answer each question separately.

 

Thanks.

 

 

 

 



Total thanks : 1 times



(Guest)
Posted On 29 August 2008 at 10:55

HI!

Forward me your mail Id i m going to forward you material the same will clarify all your queries.

 

Thanks,

Rajesh




(Guest)
Posted On 29 August 2008 at 11:24

Originally posted by :Satyendra sahu
" As far as example is considered,
Case 1. Form E1,
A- Buyer ( Hyderabad), B - seller (Bangalore). It is the first sale of any particular goods. then B will issue form E1 to A.
Case 2. Form E2,
A- Buyer of original goods now seller, C- new buyer ( Chennai). Here A is selling same goods again in interstate trade it is subsequent sale. Then A will issue form E2 to  C.
I hope now it is clear to you, if not pl keep asking.
 
 
 
"


 




subramanya
Professional

[ Scorecard : 852]
Posted On 29 August 2008 at 11:50

Originally posted by :Anil
" Anyone please explain in simple words  WITH EXAMPLE as to when Forms E1 and E2 are be used under CST Act. Thanks "

Form E1

This form is issued by the dealer who makes the first inter-state sale during movement of goods from one State to another. This enables the purchaser to claim exemption from CST on the second inter-state sale during the movement of goods by transfer of documents of title.

Form E2

This form is issued by the second or the subsequent seller when the goods move from one state to another in a series of inter-state sales by transfer of documents of title. This form enables the purchaser to claim exemption form CST on subsequent sale of goods.


 




Anil

[ Scorecard : 1561]
Posted On 29 August 2008 at 13:04

Thank you all for your replies. I wish someone could answer my 2nd question too.
 

Mr.Rajesh, My email id is nkanil @ rediffmail.com

 

Thanks.

 




umeshchand
Accounting

[ Scorecard : 24]
Posted On 10 September 2008 at 17:47

Dear sir,

       Please help me about the purchase of Interstate and Should be adjusted in CST sale then No, where should  adjusted how to be adjusted in our company book.

 

Please suggest me.

Thanks

Umeshchand gupta 




umeshchand
Accounting

[ Scorecard : 24]
Posted On 10 September 2008 at 17:48

Originally posted by :umeshchand
" Dear sir,
        Please me against file of Vat and CST filedue the vat return paid monthly appro.60K, so sholud i register the another where or file quterly return due to listen from friend that more than one lac should register on www.mahavat.gov.in sholud it will correct or wrong. it wil correct so what is the produre to do  
Please suggest me.
Thanks
Umeshchand gupta 
"


 



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