E1 & e2 transaction
This query is : Open
Neha dulhani
(Querist)
10 December 2016
SUPPOSE,' A' SALES GOODS TO 'B' & BOTH ARE DEALERS IN MAHARASHTRA.
GOODS ARE DIRECTLY DELIVERED TO A DEALER 'C' IN GUJRAT.
AS PER MY OPINION
'A' SHOULD ISSUE FORM E1 TO 'B' & RECEIVE FORM C FROM 'B'.
ALSO 'B' WILL HAVE TO ISSUE FORM E2 TO 'C' & RECEIVE FORM C FROM 'C'
GOODS ARE DIRECTLY DELIVERED TO A DEALER 'C' IN GUJRAT.
AS PER MY OPINION
'A' SHOULD ISSUE FORM E1 TO 'B' & RECEIVE FORM C FROM 'B'.
ALSO 'B' WILL HAVE TO ISSUE FORM E2 TO 'C' & RECEIVE FORM C FROM 'C'
CA RAKESH JESWANI
(Expert)
10 December 2016
Your opinion is correct.
In this case subsequent sale from 'B' to 'C' will be exempted, Provided only title docs are endorsed and relevant forms are submitted to departments in due time.
---source: MH sales Tax Tribunal Judgements.
Neha dulhani
(Querist)
10 December 2016
THANK YOU FOR GUIDING
CA Suresh Jain
(Expert)
10 December 2016
Until GST is made applicable, this can be used as a tax saving tool
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Neha dulhani
(Querist)
10 December 2016
how it can be used as a tax saving tool
CA Suresh Jain
(Expert)
10 December 2016
Please contact at group.blr@gmail.com with detail of nature of your business, amount of interstate turnover and approximate profitability
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