Sales recognition in case of exports

Dear sharma,

As per AS -9, transfer of physical possesion of goods is not significant and accounted when the clearance  is given i.e., when the risk and rewards transfer to the buyer.

Dear sharma,

As per AS -9, transfer of physical possesion of goods is not significant and accounted when the clearance  is given i.e., when the risk and rewards transferred to the buyer.

Dear Pravallika,

kindly provide information regarding C,F,H foms?

Thanks&Regard's

Muneswararao

For taking goods at consessional rate of CST 2% buyers have to issue declaration form to seller in course of inter state purchase...

C FORM issue by buyer to seller for cst 2% (at consessional rate)

F Form in case of Branch Transfer.(for zero rated sale)

H Form in case of export sale (for zero rated sale) 

pls clarify, till the shipped goods reach the destination, how we can show the stocks in our books? is there any provision to account the said sales as " sale in transit".  But the sales tax departments accept the exported sale, based on the BL date. Is it okay?