Sales transaction - interstate
This query is : Resolved
22 September 2012
Dear Sir,
I have certain clarification for the following,
A (Buyer)- Karnataka B (Consignee)- Karnataka >>> C (Seller) Maharashtra
1. ‘A’ is purchased the goods from ‘C’ and sent the goods directly to ‘B’ by Truck. Invoice is raised by ‘C’ was Full Tax without C Form and delivered directly to ‘B’ with ‘A’s instruction. Hence, ‘A’ doesn’t want to issue Form ‘C’.
2. How will raise the Invoice by ‘A’ to ‘B’ – Anyway ‘B’ will not issue C Form to ‘A’.
3. Whether is it considered as E-1 Sales ? but no one will be issuing C Form.
4. How will ‘A’ considered the Invoice in Sales Tax Return ?
Your earliest response is highly appreciated.
Best Regards
Naresh
I have certain clarification for the following,
A (Buyer)- Karnataka B (Consignee)- Karnataka >>> C (Seller) Maharashtra
1. ‘A’ is purchased the goods from ‘C’ and sent the goods directly to ‘B’ by Truck. Invoice is raised by ‘C’ was Full Tax without C Form and delivered directly to ‘B’ with ‘A’s instruction. Hence, ‘A’ doesn’t want to issue Form ‘C’.
2. How will raise the Invoice by ‘A’ to ‘B’ – Anyway ‘B’ will not issue C Form to ‘A’.
3. Whether is it considered as E-1 Sales ? but no one will be issuing C Form.
4. How will ‘A’ considered the Invoice in Sales Tax Return ?
Your earliest response is highly appreciated.
Best Regards
Naresh
22 September 2012
Purchase is interstate and sale is local. Delivery is DIRECT to party. A to B is FIRST sale in Karnataka and accordingly it is taxed.
22 September 2012
Dear Sir,
With ref to your mail, please let me know how the Invoice will be?
Please considered the direct invoice value is INR 10,000/- (Full Tax of Maharastra & Excise Duty). When we are raising the final Invoice is it okey if we mention only Selling price mentioned ref of direct Invoice.
Meaning is 10,000/+ Margin - INR 10,309/- (3% Margin)- No local taxes
Please guide me urgently.
Best Regards
Naresh
With ref to your mail, please let me know how the Invoice will be?
Please considered the direct invoice value is INR 10,000/- (Full Tax of Maharastra & Excise Duty). When we are raising the final Invoice is it okey if we mention only Selling price mentioned ref of direct Invoice.
Meaning is 10,000/+ Margin - INR 10,309/- (3% Margin)- No local taxes
Please guide me urgently.
Best Regards
Naresh
22 September 2012
You may show as mentioned by you but the main question is whether C needs to claim set off or not. If C wants to claim set off, you need to issue him the invoice showing KVAT separately. That is the main CATCH in all such transactions.
22 September 2012
'C' don't want C Form. we requested to send the goods directly to 'A' (charged tax + Excise Duty). In this regard, 'A' can take the excise duty in return.
Hope, B can issue only single invoice without mentioned any VAT (i.e INR 10,309/-)
Kindly revert me.
Best Regards
Naresh
Hope, B can issue only single invoice without mentioned any VAT (i.e INR 10,309/-)
Kindly revert me.
Best Regards
Naresh
22 September 2012
YEs, b can do so if A agrees for the same. (without VAT invoice)
22 September 2012
Ya they agree and asked by A that if it is possible to do VAT so they can claim.
In this case there is no question of E-1 sale rite.....
Final invoice can do it as without mentioned VAT. it will be easy for B also.
In this case there is no question of E-1 sale rite.....
Final invoice can do it as without mentioned VAT. it will be easy for B also.
22 September 2012
no question of E1.
22 September 2012
Ok Thank you. Your suggestion is Make the Invoice without 'C' Form.
Invoice we can raise as INR 10,309/-.
Awaiting for your mail.
Invoice we can raise as INR 10,309/-.
Awaiting for your mail.
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
- Itr 1 processing
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- 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
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
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
