Interstate purchase buyer-consignee basis

This query is : Resolved 

05 February 2016 Suppose A is a Seller in Maharashtra, B is a Buyer in Gujarat and C is a Consignee in Gujarat.
Now B bought Goods from A and asked him to Bill Invoices in Buyer-Consignee Basis making C the consignee to whom goods will be delivered. A billed making B as Buyer and C as Consignee and Charged CST @ 2%.
Goods reached C. B raised a commercial invoice and sent it to C charging VAT @ 5%.
Is the transaction correct and lawfull? Moreover B will issue C-form to A??

05 February 2016 Yes the transactions are legal and lawful. Further B will Issue C Form to A



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries