6(2) exemption under cst act in transit sale
This query is : Resolved
17 January 2014
please answer me wat is the interest of buyer if he is donig transit sale and claiming exemption under form e1 under transit sale and did he raises another bill to ultimate buyer or only endorsed the same bill.and what is the profit in these transit sale to first buyer.
22 February 2014
first buyer sell the goods to customers with his profit.
one of reason of E1 sale is, many of manufactures have fixed their dealers and restricted themselves to any sale shall be made thru dealers only, in such a case they supply goods to dealers and dealers made invoice to customer when goods are in transit.
one of reason of E1 sale is, many of manufactures have fixed their dealers and restricted themselves to any sale shall be made thru dealers only, in such a case they supply goods to dealers and dealers made invoice to customer when goods are in transit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Banking Related Issue
- ASMT-10 received from A O
- ITR-3 File/Error Found
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Difff in ais receipts and gst turnover
- Gst on travel by air for business purposes
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
