07 August 2012
E-1 sales and purchase are that Transaction which involve purchase and sale directly from the first seller to the Sole Buyer For eg :- if A wants goods called X in Kolkata and B is the Manufacturer of goods X in Punjab but A cannot purchase the goods directly from B, he will ask C who is a dealer in Delhi and C will purchase the goods from B and will directly dispatch the goods from Punjab to Kolkata the goods will not be delivered to Delhi but will be delivered to Kolkata and the role of C was to just make the Transaction and make profit
CAclubindia
