18 October 2012
A Register dealer in maharashtra, purchase a goods in Gujrat(Surat) and instruct the supplier delivered it to his buyer in Gujrat (surat)instead of delivery in maharashtra. It is not a transaction of "Sale in Transit". my query is whether it is taxable or not, if taxable how much cst should be charge or if tax free then which forms are require as per Maharashtra Sales Tax Act??? please clarify. Thanks
23 October 2012
Althamsh, It is taxable if it is not a sale in transit. You can instruct your supplier to put the goods into a transport and then direct the transporter to deliver to your Gujrat customer. Thenit can become a sale-in-transit.Here your supplier should issue an E1 form,you issue a 'C' form to the supplier and your customer issue a 'C' form to you.Then your sale is not taxable. MJK
CAclubindia
