I am working in a steel trading firm,in some case we are billing sale type " out to out" instead of C&E1 or "Sale without c form." I want to know that what is legal reqirement for out to out sale.which act is apply in this case.what is basic condition to be satisfied as per law.
03 August 2011
Mr S Yadav, I think what you mean by out-to-out sale is when you buy some steel products from a steel mill out side the state,you would sell them there itself to somebody.Now you want to know whether vat is applicable on such sales. If you do such out-to out sal within the same state where you are registered,then it is a normal sale only,includede in the returns and paid tax. If you are doing such transactions often in a particular state,then you have to take up registration as local dealer,wherever you do it regularly issue separate invoices and pay taxes to that State.
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