Dear Seniors,
A is the Material seller(Dealer) in Gujarat
B is the First Buyer in Gujarat,
C Customor/Consignee other state
My Question is:
Is the below transaction 'Sale In Transit / E1 Transaction' or not ?.
B purchases the material from A under CST biling and B prepare a Invoice without any tax amount to C.
the material A Delivers in the name of B as a buyer & directly send to C and B Endorse the L.R.in the name of C. so, material collects by C
and A issues 'E1' form to B and collects Form'C' from B and B collect Form 'C' from C & issues E2 Form to C
Please guide me.
Clarification Sought on CST 'Sale in Transit' or 'E1 Transaction' Involving Forms E1, E2, and C. A material seller in Gujarat, referred to as A, sells goods to a first buyer, B, also in Gujarat. B then sells the goods to a customer, C, located in another state. The transaction involves A delivering the goods directly to C while billing B under the Central Sales Tax (CST). B endorses the L.R. to C and issues an invoice without tax. A issues an 'E1' form to B and collects Form 'C' from B, while B collects Form 'C' from C and issues an 'E2' form to C. The query seeks clarification on whether this constitutes a 'Sale in Transit' or 'E1 Transaction.' (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
