02 July 2012
PLEASE EXPLAIN WITH A FOLLOWING EXAMPLE
Suppose 'X' from Mumbai buys good from 'Y' who is an dealer at Delhi. Now instead of taking the delivery of good at Mumbai, 'X' decides to directly send & sell the same goods to his seller's place.."Z" in Gujrat.
Q1) Which form is to be issued by Mumbai Dealer and to whom ? Q2) And which form will be given to Mumbai dealer from Y or Z ? Q3) As CST is applied only 1ce on any goods then Mumbai dealer will only have to add profits after Tax or B4 tax.
CAclubindia
