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.
RAMESH KUMAR VERMA
(Expert)
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
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