12 July 2013
In case of E-1 sale, a manufacturer A sells goods to a Trader B, who in turn sells goods while in transit to his customer C.(All three parties are in 3 different states)
Will this purchase by B be Sec 3(a) or Sec 3(b) purchase?
12 July 2013
U/S 6(2) which provides for exemption of EI sales, the first sale may be under clause (a) or (b) of section 3. So u analyse under which clause it falls.
CAclubindia
