E-1 sale

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 October 2011 We get orders from customers on the basis of E1 transaction (Sales method is predetermined at the time of signing the contract)

Vendor raises Invoice on us for X +Excise +CST and we raise our invoice on our customer with X+margin +vendors excise value and vendors CST value.
Please let us know whether we have to charge CST on full sale (with our margin) value to our customer or only on vendor’s sale value to us?

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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20 October 2011 Mr Author,
An E1 transaction is tax free sale.Your vendor charges value+excise+CST in the invoice issued to you.You have the pass on the goods without taking delivery from the carrier,but issuing your invoice which includes all the amount paid by you plus your margin only.No CST again.Statutory forms to be issued as per rules.
MJK

Querist : Anonymous

Querist : Anonymous (Querist)

21 October 2011 Thanks Mr. Krishnamurthy

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