Executive(Costing)
163 Points
Joined May 2011
Hi Swetha,
Subsequent Sale means sale of good during transit to another buyer by original buyer.
As far as example is considered,
Case 1. Form E1,
A- Buyer ( Hyderabad), B - seller (Bangalore). It is the first sale of any particular goods. then B will issue form E1 to A.
Case 2. Form E2,
A- Buyer of original goods now seller, C- new buyer ( Chennai). Here A is selling same goods again in interstate trade it is subsequent sale. Then A will issue form E2 to C.