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Excise and sale tax

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Querist : Anonymous

Querist : Anonymous (Querist)

09 November 2011 Pls advice whether following activities will fall under exempted sale(exempted from excise point of view and sale tax point of view.)

The company is engaged under Trading (Excisable) Sales-E1 Sales. No excise duty is charged by the company but transferred the excise indicated on supplier bills.No sale tax is charged by the company.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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09 November 2011 Please Noted that CST is applicable if sale is done while goods movement from one state to another state.Its called E-1 transaction or sale in transit.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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09 November 2011 for more info:

https://www.caclubindia.com/experts/re-e-1-sales-730510.asp

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