17 January 2014
please answer me wat is the interest of buyer if he is donig transit sale and claiming exemption under form e1 under transit sale and did he raises another bill to ultimate buyer or only endorsed the same bill.and what is the profit in these transit sale to first buyer.
22 February 2014
first buyer sell the goods to customers with his profit. one of reason of E1 sale is, many of manufactures have fixed their dealers and restricted themselves to any sale shall be made thru dealers only, in such a case they supply goods to dealers and dealers made invoice to customer when goods are in transit.
CAclubindia
