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Sales against form e1

sanchit jain (self) (58 Points)

20 December 2013

Suupose, X Of Delhi Ordered Y Of Punjab That Goods To Be Delivered To Z Of Mumabi By Exchange Of Necessary Forms As Required. Now X Of Delhi Is Under A Risk That Y Of Punjab Has Access To His Client At Mumbai. He Even Knows At What Margin X Is Taking From z. Doesn't This Effect Confidentiality.

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V. Devananda Narasimham (Advocate) (248 Points)
Replied 21 December 2013

Sir,

What is the proceedure you are following while transacting E1 or Sale in transist? Sale is a contract between purchaser and seller for a consideration. In order to avoid discloser of purchase value, pay tax @ 2% against C form and sell the goods against C form for 2%. E1 sale means transfer of title of the goods without unloading the consignment under transport and can save 2% CST again or otherwise it is an interstate sale.

Thanks