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E 1 Form against C forms

GANESH PUNEKAR (Finance Officer) (62 Points)

23 May 2008

I am working as a Finance officer. i am takeing the follow up of c form but the customer is demanding E 1 Forms Against c Form.

Why the E 1 require?

What is the purpose of E 1 ?

Thanks & Regards

Ganesh

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11 Replies

Rudesh Sharma (Service) (32 Points)
Replied 23 May 2008

Hi,

E-1 is used when the supply is made for third party & rather taking the delivery by buyer & then sending to third party (actual user) is in between transferred to the third party by way of endorsement

(Guest)

WHERE IS MY ESI

(Guest)

Please educate about issuing E-1 Form and his legal formalities for the same and when it is necessary to issue.

(Guest)

In tally 7.2 Sales Annexure LS-2 the amount shows is including Tax but correct method is it hows the Taxable Amount ?

How can i adjust the amount in returns ? PLease clarify this point

daxesh (SERVICE) (24 Points)
Replied 15 January 2009

I am service as an acountant in partnership firm.i donot e-1 form so please know to us .

daxesh (SERVICE) (24 Points)
Replied 15 January 2009

I AM SERVICE IN MANUFACTURING UNIT AS AN ACCOUNTANT.SO WE HAVE SOME PACKING MATERIALS PURCHSE O.G.P AGAINST C FORM.IF WE WILL GIVE C FORM AGAINST OGP SELLER THAN SELLER GIVEN TO US E-1 FORM.

baba (Accountant) (28 Points)
Replied 30 January 2009

e1 form should be issued to party in monthwise or quarterwise

baba (Accountant) (28 Points)
Replied 02 February 2009

Originally posted by :baba
"	Could you please, let me know on which basis we issue the E1 forms to vendor i.e. monthly or quarterwise

Rajeev Nair (Finance Professional) (510 Points)
Replied 04 February 2009

Mr.Udesh is corrent, also note that be very particular while such 3rd party transactions, E-1 form should issued on monthly basis a part from that it should contain all the details of Transport receipt. i.e. Transporter, LR No., No.of articles, 3rd party name with delivery address....etc.... or else one will have to face problems while Assessment with Tax Officials....

CA. Ashok shah (CHARTERED ACCOUNTANT) (333 Points)
Replied 10 February 2009

You have to issue one certificate in Form E-I/E-II covering all the transactions that have taken place in a quarter of the financial year. i.e. One form for quarterly transactions and not for monthly transactions. [Refer Rule 12(9) of the CST Rules, 1957].