E1 TRANSACTION
This query is : Resolved
03 March 2011
Supposed we are X situated in Mumbai mahaharashtra , we recd order from Z situated in Nagpur Maharashtra, we require to desptch the goods Out-N-Out basis (Sales in Transit) from Y situated in Chennai to Z in Nagpur (Interstate Transaction).
In this case i understand that Y supposed to bill X releasing with E1 form with charging 2% CST and on the same X suppose to bill Z charging Nil CST against form C
Can this transaction shall complete for the E1 base ?
Pls Advice.
In this case i understand that Y supposed to bill X releasing with E1 form with charging 2% CST and on the same X suppose to bill Z charging Nil CST against form C
Can this transaction shall complete for the E1 base ?
Pls Advice.
04 March 2011
yes but the subsequent sales by X should be by written endorsement on the GR in favour of Z and subsequent sales by X to Z should happen before the movement of goods ends between Chennai to Nagpur.
04 March 2011
for more can refer at below link
https://blog.amitbajajadvocate.com/2010/12/understanding-e1-and-e2-sales-under-cst.html
https://blog.amitbajajadvocate.com/2010/12/understanding-e1-and-e2-sales-under-cst.html
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
- About TDS & Income Tax
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- Capital Gains on sale of residential flat
- F & O PROFIT REPORTING FOR AY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
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
