E1&e2 sales

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 August 2012 Please explain me about e1&e2 sales by graph representation. And also need invoice with tax structure between them.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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30 August 2012 E-1 Sales means Sales in Transit under CST Act.
E-1 is the form used for proof of Sale in Transit transaction between parties in different states in India.

Example - X orders for goods with Y in another state. Y dispatches the same with applicable tax invoice as per CST Act. but during transit X sells the goods to Z and makes invoice and have the goods delivered to Z with necessary documentation & communication.

In this transaction C-Forms will be issued by the buyers to the sellers and E-1 Form will be issued by Y to X.

Noted that In international transactions there is a concept of High-Sea Sales on the same lines.

in this regards for more information link:

http://www.lawyersclubindia.com/forum/Sales-in-transit-meaning-procedure-case-Laws-and-Legal-pro-11864.asp#.UD77EaA-1tg