Form e1

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Sachin Sharma

Sachin Sharma (Querist)
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20 July 2012 Explain the use of form E1

CA mahesh birla

CA mahesh birla (Expert)
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20 July 2012 Below example will help you to understand the SALE IN TRANSIT tarnsection and use of E-1 form-

suppose: X situated in Delhi purchased goods from Y in Punjab .Y booked the material on transport and send GR/RR(goods receipt note issued by transporter) to X. X instead of receiving material from transport himself sold the material to Z in Delhi (same state) by endorsing RR/GR
in the name of Z.Z takes the delivery from the transporter .

In this case sale from Y to X is covered under CST and X to Z is also covered Under CST as sale in transit.

To complete the transaction X will issue C form to Y ,
Y will issue E-1 form to X
Z will issue C form to X
In the above case even X & Z both are situated in Delhi but the sale transaction is covered under "sale in transit" clause of CST act so CST will be applicable and vat is not be charged.

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