What is E1 Sale? under Section 6(2) of CST act.

[Saravanan Periyasamy]

What is E1 Sale? under Section 6(2) of CST act.

AI Summary

Understanding E1 Sale under Section 6(2) of CST Act: Transit Sale Without Physical Delivery Explained E1 Sale under Section 6(2) of the CST Act refers to a transaction where goods are sold by an intermediate buyer to a third party in another state without taking physical delivery. This is known as a transit sale and can be executed through the endorsement of title documents or a 'Bill to Ship to' transaction.