cst-form E1, E2
This query is : Resolved
srinivasulu
(Querist)
02 September 2008
Dear all,
Pls explain,
we r in Manufacturing Business, and we r purchasing goods from local parties as well as Out station (Inter state purchases)
we r goods purchased from local party but he supplied goods with his party who is from out station(Interstate transaction)
means he was purchased goods from that party and directly delivered(from interstate party) to our company. Invoice also raised on that party name and through that party they supplied. We have proof for goods supplied from out of state and party raised invoice against form-c (tax rate also cst-2%)Now he is asking form-C and telling i given form-E1 to that party, so pls issued form-c on my name.
Whether we can issue form-c or not? pls explain?
Pls explain,
we r in Manufacturing Business, and we r purchasing goods from local parties as well as Out station (Inter state purchases)
we r goods purchased from local party but he supplied goods with his party who is from out station(Interstate transaction)
means he was purchased goods from that party and directly delivered(from interstate party) to our company. Invoice also raised on that party name and through that party they supplied. We have proof for goods supplied from out of state and party raised invoice against form-c (tax rate also cst-2%)Now he is asking form-C and telling i given form-E1 to that party, so pls issued form-c on my name.
Whether we can issue form-c or not? pls explain?
CA. O.P. Agarwalla
(Expert)
18 September 2008
Though your question was not clear, I think you are talking abour E-1 sales. It appears that your immediate seller had sold you under porovisions of section 6(2) of the CST Act.
Certainly, by this you have also saved your local VAT, which was otherwise payable by you on such purchases.
If it was a genuine E-1 sale, you can issue C form.
Certainly, by this you have also saved your local VAT, which was otherwise payable by you on such purchases.
If it was a genuine E-1 sale, you can issue C form.
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