E1 & e2 form
Querist : Anonymous
X is the Material Suplier in Pune (Maharastra)
Y is the Buyer / Dealer in Kerala
Z is Customor / Dealer in Kerala
My Question is:
Is the below transaction "Sale In Transit / E1 Transaction" or not ?.
Y purchases the material from X under CST biling and Y prepare a Invoice without any tax amount to Z.
X Delivers in the name of Y and without taking delivery of material, Y Endorse the L.R.in the name of C. At last material taken delivery by Z from transporter.
Pls advise which statutory forms to be issued by X,Y & Z to each other.
Thanks
Rajeev
Yes, This transaction belongs to Sale Against Form-E1/C i.e. in-transit.
Form-C will be issued by Y to X & Z to Y respectively.
Y will send the copy of Form-C received with Z along with endorsed bilty, his sale invoice with a request letter to X.
X will then issue a Form-E1 to Y.
Then this transaction completes...
Hope, your query is solved...
Asheesh Kumar
Querist : Anonymous
Thanks for the quick response.
But now Z asking Form E2 from Y. pls advise.
Thanks
Rajeev
Z is right at its point. Y will have to issue Form-E2 to Z.
Querist : Anonymous
In this Sale Z is the end customer .As Z is not selling the material to any body so they do not need to prove tax exemption before the Tax authority.So Why E2? Pls advise...
Thanks
Rajeev
If Z will get Form-E2 when he is a dealer, not a customer i.e. end-user.
Querist : Anonymous
Y has raised E1 sale Invoice to Z. For availing Tax Exemption X issues Form E1 to Y.
But Z takes delivery of goods for their own use .Then the transaction completes there. Z is not selling(not raising E2 Invoice )the Goods. Pls look in to the matter thoroughly and advise
Thanks
Rajeev
As Z is end user so there is no need of Form-E2 in this transaction.
Suppose If in your example, Z sells to A & A take the final delivery. Then there is a use of Form-E2 which will be issued by Y to Z.
Querist : Anonymous
Thanks
Click here to login now
Similar Resolved Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
