Transit sale cst or vat if c form is not submitted
Querist : Anonymous
My firm is registered in rajasthan and i got supply order from mumbai , therefore i have to purchase material from hyderabad and supply it to mumbai. I want to deliver material directly to mumbai. Now i want to know that whether hyderabad dealer can billing in my firm name and consinee column filling mumbai party's name charging 2% cst. Later i will do billing in the name of mumbai party charging full vat as on rajasthan vat rule because mumbai party will not issue me c form.Is this transaction ok or i have to collect E-1 form from hyderabad dealer and consider it as transit sale.
after that you will received original invoice and issue a commercial invoice. all excise duty benifit to be taken by mumbai party on transporter copy whic is issued from hydrabad in your(Rajasthan) and consignee(Mumbai) name. form c to be issue. to Hydrabad party. and you will get form E1 from mumbai.
Querist : Anonymous
Soppose there are three dealers Viz,R in rajastan,H in Hyderabad and M in mumbai. R is oredring to buy some goods to H and he is asking it to be supplied to M.H will issue an invoice adrressed to R but consignee as M charging CST @2%. R will pay CST @2% and issue 'C'form to H. H will also issue E1 form to R and M will issue a 'C' to R. I think it is now clear to you.If still there are doubts Sec 6(2) and 8(4) of CST Act and rules may be referred.R will issue an invoice to M including the price tax and his profit etc.
No tax will be charged by R in his invoice.
MJK
Querist : Anonymous
Querist : Anonymous
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