E1 form amount

[Asked by Guest]

A - me B - buyer C - consignee

cost - 10 rs

tax - 2%

my question is what value of e1 form will be issued by me?

with cst or without cst as per sales tax act?

(10 or 10+2%)?

[YAGAY and SUN]

Dear Rishi,

It is settled legal position that statutory forms are issued without inclusion of tax amount.

Regards

TeamYAGAY and SUN

(Management and Indirect Tax Consultants)

dear sir,

thank you for prompt response.

can you please suggest any legal document where this is mentioned, just to be sure for the taxation purposes.

[YAGAY and SUN]

Dear Rishi,

Please check definition of sale price as mentioned under Section 2 (h) of the CST Act, 1956 in this regard.

Regards

Team YAGAY and SUN

(Management and Indirect Tax Consultants)

AI Summary

E1 form valuation excludes tax-declare the sale price exclusive of tax as the form value under CST principles.
Statutory forms such as the E1 form are issued without inclusion of the tax amount; the form value must reflect the taxable base or sale price exclusive of tax, applying the sale price concept under the central sales tax framework to determine proper valuation on statutory documentation.