interstate sales transaction.
This query is : Resolved
20 March 2010
WE ARE A DEALER BASED IN DELHI AND ALMOST ALL OUR SALES ARE INTERSTATE SALES. QUITE A FEW OF THE SUPPLIES ARE PICKED UP BY OUR CUSTOMERS FROM OUR FACTORY AND THESE ARE NOT SUPPORTED BY LORRY RECEIPTS. WE WOULD LIKE A CLARIFICATION AS TO WHETHER THESE SALES THOUGH SUPPORTED BY FORM C, WILL BE CLASSIFIED AS A NON INTERSTATE SALES AND TAXED ACCORDINGLY?
20 March 2010
An inter state sale takes place only if the delivery of the goods takes place in a state other than the state where the sale originates from. Under the Sale of Goods Act 1930 a sale is complete only when the terms of sale have been fulfilled, if in your case delivery is the criterea for completion of the sale transaction then it becomes a local sale and CST will not apply.
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Taxation on LTCG for property sold after 24JUL2024
- STCG FOR GOLD ETFs
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- GST ON DAMAGED GOODS
- Last year TDS Claim
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
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
