E1 e2 transaction& vat
This query is : Resolved
31 August 2012
I want to konw if first sale is intersate sale (
Mumbai,Maharasta to Ahmedabad,Gujarat ) & Second sale before taking
the delivery of goods from transport in gujarat to a registered delear
in gujarat ( i.e.second sale is within gujarat can we say that this is a intersate sale under cst act ) by transfering the documents of title of goods through
endorsing the document to gujarat dealer.Please tell me that this
second sale is only in Gujarat state because Both seller & Purchaser are in
gujarat.Can we say that this second sale is covered under cst act 1956 & issue E1
by First seller mumbai to first buyer ahmedabd & first buyer ahmedabad issue c form to first seller mumbai & second seller ahmedabad issue E2 to
second buyer ahmedabd & second buyer ahmedabad issue c form to second seller ahmedabad.
whether This second sale is covered under VAT act or not & Vat lability
attracted on this or not because this is the local sale within the state becuse both the party are registered dealer in gujarat
For a interstate sale seller & purchaser are must be belong to different state or not
Mumbai,Maharasta to Ahmedabad,Gujarat ) & Second sale before taking
the delivery of goods from transport in gujarat to a registered delear
in gujarat ( i.e.second sale is within gujarat can we say that this is a intersate sale under cst act ) by transfering the documents of title of goods through
endorsing the document to gujarat dealer.Please tell me that this
second sale is only in Gujarat state because Both seller & Purchaser are in
gujarat.Can we say that this second sale is covered under cst act 1956 & issue E1
by First seller mumbai to first buyer ahmedabd & first buyer ahmedabad issue c form to first seller mumbai & second seller ahmedabad issue E2 to
second buyer ahmedabd & second buyer ahmedabad issue c form to second seller ahmedabad.
whether This second sale is covered under VAT act or not & Vat lability
attracted on this or not because this is the local sale within the state becuse both the party are registered dealer in gujarat
For a interstate sale seller & purchaser are must be belong to different state or not
01 September 2012
This is E1-E2 transaction On 1st transaction CST will attract, 2nd transaction of sale without taking delivary by 1 st purchaser will also be interstate transaction. Transaction is covered under CST only.
Message likes :
1 times
02 September 2012
I agree with Mr P Kochar. In continuation of an interstate sale subsequent sale by transfer of documents can be within the same state of first buyer. Here CST is applicable and VAT does not come in picture.....MJK
Message likes :
1 times
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- 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
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
