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
http://blog.amitbajajadvocate.com/2010/12/understanding-e1-and-e2-sales-under-cst.html
http://blog.amitbajajadvocate.com/2010/12/understanding-e1-and-e2-sales-under-cst.html
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