Sales in transit

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shree (Querist)
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06 June 2009 I want to know about sales in transit transection. Let me know when any deler who is in culcutta purchase from Hyderabad and sales in Maharashtra then whats the process for sales in transit. there goods should be enter in to culcutta or it can directly sent to maharashtra. who can issue form "C' and "E1". What invoice should raised by the culcutta dealer to the user(maharashtra) & what breakup he will give in invoice, i.e.- basic, excise duty & cst, ect.

M Prabhakar Menon

M Prabhakar Menon (Expert)
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06 June 2009 Sales in transit means the goods are delivered not to the consignee mentioned in the original invoice given by the seller at Hyderabad.The Calcutta dealer sells the goods invoiced to him to another buyer at maharashtrain this case the Maharashtra buyer is the second customer(second sale)C Form will be issued by the Maharashtra consignee to Hyderabad supplier and E-! form will be given by the calcutta dealer to the Maharashtra buyer.The Invoice need not be changed for the difference amount the Calcutta dealer can issue a debit note to the Maharashtra person

shree

shree (Querist)
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06 June 2009

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