18 September 2012
Can we sale our goods in same state in which we are regestred through Transit sale? exp. A Ltd corporate office in delhi purchased goods from b Ltd in west bangol can A Ltd directly indorsed their bill to C Ltd which is also in Delhi through transit sale agsinst E form?
18 September 2012
In this case sale from Y to X is covered under CST and X to Z is also covered Under CST as sale in transit. Yes they can...
A will issue "C" form to B ,B will issue E-1 form to A and C will issue "C" form to A.
In the above case even A & C both are situated in Delhi but the sale transaction is covered under "sale in transit" clause of CST act so CST will be applicable and vat is not be charged.
CAclubindia
