Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Santosh B Karangutkar (Sr. Executive Stores & Statutory)     31 July 2021

SALES IN TRANSIT TRANSACITON C FORM RECEIEVED E1 NOT RECD

We have facing issue in appeal case regarding transaction of Sales in Transit u/s 6(2) of CST act 1956.

1 We as supplier (A) and our customer(B) located in same state i.e. Maharashtra

2 We as supplier (A) asked our vendor which was located other state i.e. Gujrat (Interstate)

3 As per contract our customer (B) after receiving material from our vendor and after receiving invoice from us released C forms.

4 But for this Sales in Transit transaction vendor not yet submitted E1 forms to us

5 Accordingly we have paid 2% (as per invoice and terms) at the time of filing return

6 Now assessing authority denied transaction even after producing vendor invoice and LR saying even after receiving C form in absence of E1 form you have to pay full tax i.e. 12.5%(Maharashtra full tax) instead of 2% cause due to supplier and customer located in same state. 

In this regard can provide suitable judgement for the same. Requesting you to provide the same.



 0 Replies


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading
Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags