I need information regarding Transit Sale. I would appreciate a response from a reliable source.
We are based in AP(Let us assume we are "B") and we are registered for VAT&CST. We purchased electrical products from Gujarath (Let us assume we bought from "A" in Gujarath)and sold them to another company (They are also registered for VAT&CST) in AP(Let us assume the company from AP who bought from us is "C"). Our supplier from Gujarath raised in our name (in the name of B) and mentioned consignee as "C" and delivered the goods at C's place in A.P. C after receiving the goods , consumed them for their own purpose(they did not sell to anybody)
Now i would like to know what are the forms involved in the whole transaction and the sequence of Form issues. Who should issue which form to whom and when?
I would appreciate a detailed reply with proper sequence of Forms in step by step process.
Thanks and Regards
CAclubindia
