E1&e2 sales
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2012
Please explain me about e1&e2 sales by graph representation. And also need invoice with tax structure between them.
30 August 2012
E-1 Sales means Sales in Transit under CST Act.
E-1 is the form used for proof of Sale in Transit transaction between parties in different states in India.
Example - X orders for goods with Y in another state. Y dispatches the same with applicable tax invoice as per CST Act. but during transit X sells the goods to Z and makes invoice and have the goods delivered to Z with necessary documentation & communication.
In this transaction C-Forms will be issued by the buyers to the sellers and E-1 Form will be issued by Y to X.
Noted that In international transactions there is a concept of High-Sea Sales on the same lines.
in this regards for more information link:
https://www.lawyersclubindia.com/forum/Sales-in-transit-meaning-procedure-case-Laws-and-Legal-pro-11864.asp#.UD77EaA-1tg
E-1 is the form used for proof of Sale in Transit transaction between parties in different states in India.
Example - X orders for goods with Y in another state. Y dispatches the same with applicable tax invoice as per CST Act. but during transit X sells the goods to Z and makes invoice and have the goods delivered to Z with necessary documentation & communication.
In this transaction C-Forms will be issued by the buyers to the sellers and E-1 Form will be issued by Y to X.
Noted that In international transactions there is a concept of High-Sea Sales on the same lines.
in this regards for more information link:
https://www.lawyersclubindia.com/forum/Sales-in-transit-meaning-procedure-case-Laws-and-Legal-pro-11864.asp#.UD77EaA-1tg
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
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- Form 27Q Correction statement taking too long to update on IT Portal
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
