purchase form mumbai ₹ 358000 But goods Despatch from bangalor to kolkata ₹ 298000 which form given muimbai ₹ 358000
6 (2) Sales
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Sale in transit principle exempts subsequent interstate transfers when title documents are endorsed and delivery occurs during movement.
Subsequent sales effected while goods are moving between states-where delivery occurs from a state different from the billing origin-are governed by the sale in transit concept; material movement and the transfer of documents of title by endorsement or delivery determine exemption treatment under the statute. (AI Summary)
Subsequent sales effected while goods are moving between states-where delivery occurs from a state different from the billing origin-are governed by the sale in transit concept; material movement and the transfer of documents of title by endorsement or delivery determine exemption treatment under the statute. (AI Summary)
TaxTMI