Sale-in-transit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 September 2013 My query is i have consturction co. and get contract with powergrid supply of tower and releted to its. now i purch. tower material from xyz and sale in transit to powergrid goods put in store and LR copy consignee name is powergrid , on purchases invoice raise to powergrid but matter is xyz supply tower material In a lot type a,b,c amount of 1.5lac but we have now useless of b & c type now and bill raise to powergride Rs.1lac and powergrid provide Form-c for tower material for Rs.1 lac. Now ,is Rs .5 lac eligible to sale-in-transit this amount of material also use in next month/Quarter. Please send me answer this case is related to Madhya pradesh.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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15 September 2013 While doing a sale in transit transaction you can not split the goods sent through an invoice into several parts.The entire consignment has to go to the second customer undisturbed.If you break up the consignment on the way,and send only a part of it to your customer it will not be an E1 sale but a new sale from you again on Rs1 lakh worth of goods.Otherwise change the terms of sale suitably with your customer....mjk

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