03 January 2014
Hi , if A of haryana buying goods from B of delhi against c form and during transit , endorsed the docs in favour of C of punjab at price with margin. whether a can sell this material to c against c Form.
In second situation , if a of haryana selling goods on transit to D of haryana then what will be the type of billing like vat billing or CST billing.pl consider at the time of endorsement , goods are in transit.
04 January 2014
Mr S Narula, This kind of trading is regularly going on in interstate business. This is called E1 sale. A of Haryana,can endorse the documents for delivering the goods dispatched by B to C.In this sale B has to issue an E1 form to A and C forms are to be given by C to A and A to B.A need not charge any CST in his bill. The second type also E1 sale can be done as continued interstate sale. Forms issue are to be done in the same way as the first example.E1 by B to A and C forms by D to A and A to B.....mjk
CAclubindia
