PLEASE TELL ME I, I PURCHASE ONE MATERIAL FROM MP AND DIRECTLY SEND TO GUJRAT FOR SELLING, MATERIAL DONT TAKE PLACE IN UP. WHAT ARE THE REQUIRMENTS TO BE FULFILL FOR THIS TRANSACTION
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 09 September 2013
This is called sale-in-transit or sale by transfer of documents under CST Act. once your supplier issues an invoice on your name and sends the goods to a transporter for delivery to you you can advise that transporter by endorsing on the LR or by a seperate letter to deliver to your customer in Gujrat. You may collect the invoice issued by your supplier and introduce your invoice also.You need not charge any CST in the bill. Your supplier has to issue E1 form and you have to issue a 'C' form to him.your Gujrat customer has to issue a 'C' form to you. Some traders ask their supplier to show in his invoice and LR the buyer and the delivery address also.......mjk
pranshu
(manager )
(25 Points)
Replied 10 September 2013
Ok, sir but how to treat in my accounts give any example.
Mohammad Avesh
(Sr Officer (F&A))
(48 Points)
Replied 28 September 2013
| Originally posted by : pranshu | ||
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r u registetered under upvat ?
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