My client in UP ( power manufacturing) purcahse coal from a trader in UP. The trader puchase coal from MP and directly want to sale against E1 to my client.
My question is:
Can E1 sale be considered in this case?
Who will issue E1 form?
Who will issue form 38?
REgards
You may purchase against Form-E1/C rule of CST Act. In your case, Material will be directly shipped to your client from MP. Then, Your client's supplier will raise the invoice to him for this material. Your client is to return documents (His Original invoice, bilty copy & Form-38) to supplier after endorsing the bilty. After that your client will provide a Form-C to his supplier on quarterly basis against it.
Rest, Form-38 will be issued by supplier to the dealer of MP. Supplier will issue a Form-C to MP Dealer & then MP Dealer will issue a Form-E1 to Supplier.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
