07 September 2012
Sale proceeds from kerala . Movement of goods within Ahmedadad.Will it comes under sale in transit or E-1sales Any one can guide me what are the procedures sholud be done?
07 September 2012
central Sales Tax Act 1956 envisages single point of taxation i.e. tax at the first point of sales. Subsequent sales during the movement of the goods from one state to another have been exempted under section 6(2) of CST Act.
Noted that:
In SAle in transit / E-1, the main points to be noted is as under.
1) Goods Physicaly Moves from One State to Another State.
2) Origin & Destination place can not be in the same state.
3) End customer will provide the C form to his seller ( to you ) , Buyer ( dealer as you ) will provide the C form to Consignor & then Consignor will give you the E-1 form .
Refer to query on LR sales, in E-1 sales LR has to endorsed on the back side in favor of end customer .
07 September 2012
sir , make me clear.. Sale made from kerala. Goods trafering from Ahemedabad. Destination in Ahamedabad(end user) then what are the procedures. Please reply...
CAclubindia
