Sale in transit
This query is : Resolved
20 December 2009
Hi all,
The karnataka dealer (X) place the order on mumbai manufacturer(Y) who has showroom in Delhi and instruct to Deliver the goods @ Delhi to (Z). Y charged VAT @ 12.50% on X. What forms should X issue or receive from Y & Z
Kindly reply soon. Thanks in Advance
Ram
The karnataka dealer (X) place the order on mumbai manufacturer(Y) who has showroom in Delhi and instruct to Deliver the goods @ Delhi to (Z). Y charged VAT @ 12.50% on X. What forms should X issue or receive from Y & Z
Kindly reply soon. Thanks in Advance
Ram
21 December 2009
As per CST act for Transit sale one tranction should be interstate either sales or purchases.
In your case material movement start from Delhi & also end in Delhi. It is totaly VAT Tranction. No forms will be exchange in this case.
one more thing Consignee (Z) also can not take the input credit of of these Purchases.
X will declared the turnover (if not regaidtered in delhi) as a sales outside the state on full VAT.
if X regaistered in Delhi then declared the turnover in delhi, take input and rasied VAt inovice on Z. In this Z also take the input.
In your case material movement start from Delhi & also end in Delhi. It is totaly VAT Tranction. No forms will be exchange in this case.
one more thing Consignee (Z) also can not take the input credit of of these Purchases.
X will declared the turnover (if not regaidtered in delhi) as a sales outside the state on full VAT.
if X regaistered in Delhi then declared the turnover in delhi, take input and rasied VAt inovice on Z. In this Z also take the input.
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
