E-1 sale
Querist : Anonymous
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?
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
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