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E1c transaction

VAT (Legacy) 3227 views 1 replies

Dear Sir,

There are two transaction as below :

1]We & our Vendor are in same state & my customer is in different state. Can we supply material under E1C transaction?

2]We are in Maharashtra, customer is in Rajasthan, our Vendor is in Tamilnadu. Our customer can not give form C. Can our vendor dispatch material to our customer & bill on us with 2% CST against C form. And thereafter can we bill on our customer with full CST since he in not giving C form?

Please advice.

Thanks,

 

 

 

Replies (1)

For ur first Case :

Gist of E1 Sales :

  1. Trader(A) (Supplier) should receive a Purchase Order from Buyer (C) (Consignee)
  1. Mfr.(B) will issue Form-E1 to Trader(A) and collect the Form-C from him
  1. Mfr.(B) will raise Invoice on Trader(A) and mention the Consignee as Buyer (C) as Dispatch Place(he must be interstate) ie. Goods movement must be interstate.
  1. Trader(A) should endorse the LR/way bill in the name of his Buyer (C) Consignee or Goods once received by Consignee from the transporter is also proof to qualify for E1 Sale.
  1. Trader(A) must receive the Form-C & Payment from Buyer (C) Consignee
  1. Trader (Supplier) and Consignee as Buyer (C)  can be in same State but all the 3 parties involved must be registered in their respective State.

The sale should be of goods which are specified in the certificate of registration of purchasing dealer.

Second Case let me check...normally its not possible.


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