06 June 2011
Dear Colleagues, Mr.A of Mumbai purchased goods from Mr.B of chhatishgarh. Mr.A sold the goods in transit by transferring L/R to C of U.P.(L/R was consigner B,consignee A, A endorses the same on back in favour of C) B has charged 2% cst( AGAINST C FORM) to A, and A has charged 2% cst to C( AGAINST C FORM). IS THE ABOVE SALE SALE IN TRANSIT? ACCODRDING TO ME 1) It is not SIT, SINCE BOTH THE TIME CST HAS BEEN PAID 2) E1/E2 are not required. Kindly guide. Regards CA Paresh Zatakia 9833855518 "Print this mail only if absolutely necessary. Save Paper. Save Trees."
CAclubindia
