What is the meaning of e-1 form
This query is : Resolved
saritha bai
(Querist)
07 August 2012
dear Sir,
what is the meaning of form E-1 , why it is applicable instead of VAT 14% can u plz explain about the form E-1
what is the meaning of form E-1 , why it is applicable instead of VAT 14% can u plz explain about the form E-1
CA.Sourabh Sethia
(Expert)
07 August 2012
E-1 sales and purchase are that Transaction which involve purchase and sale directly from the first seller to the Sole Buyer
For eg :- if A wants goods called X in Kolkata and B is the Manufacturer of goods X in Punjab
but A cannot purchase the goods directly from B, he will ask C who is a dealer in Delhi
and C will purchase the goods from B and will directly dispatch the goods from Punjab to Kolkata
the goods will not be delivered to Delhi but will be delivered to Kolkata and the role of C was to just make the Transaction and make profit
For eg :- if A wants goods called X in Kolkata and B is the Manufacturer of goods X in Punjab
but A cannot purchase the goods directly from B, he will ask C who is a dealer in Delhi
and C will purchase the goods from B and will directly dispatch the goods from Punjab to Kolkata
the goods will not be delivered to Delhi but will be delivered to Kolkata and the role of C was to just make the Transaction and make profit
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saritha bai
(Querist)
07 August 2012
Hello sir,
Den when will they issue the Form E-1, while transporting or later ?
Den when will they issue the Form E-1, while transporting or later ?
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