Dear Sirs, Can we make transaction as per the below query? If yes, kindly specify validity of such central sale with notification / rule & section. Query: Is predetermined sale can be termed as E-1/ E-2, sale? For example, in a transaction there are involve three dealers namely A of Mumbai, B of Delhi & C of U.P. Dealer B of Delhi instructed Dealer A of Mumbai to deliver goods to Dealer C of U.P. directly. Is this predetermined sale can be termed as E-1 sale i.e. sale in transit. Kindly give your valued suggestions with some judgment made earlier in this regard.
Notification - validity of central sale
RAJESH MISHRA
Validity of Central Sale: Predetermined Sale Among Dealers in Mumbai, Delhi, U.P. Classified as E-1 Sale A discussion on the validity of a central sale involves a query about whether a predetermined sale among three dealers from Mumbai, Delhi, and U.P. can be classified as an E-1 sale, which is a sale in transit. The query seeks clarification on the applicable notification, rule, or section that validates such a sale. A respondent, Mukesh Kumar, provides an opinion affirming that the transaction qualifies as a valid central sale and should indeed be considered an E-1 or E-2 sale. (AI Summary)
TaxTMI
TaxTMI