TaxTMI 
TaxTMI 
Transit Sales
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....ransit Sales<br> Query (Issue) Started By: - pradeep khatri Dated:- 26-7-2011 Last Reply Date:- 26-7-2011 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>Can we change the description of goods under t....
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....ransit sale under CST Act while raising the commercial invoice to our customer? Example :- We receive an order of item 'X' from our customer. For item 'X', we do order to our vendor of part of item '....
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....X' say X1, X2 and X3. And ask our vendors to direct supply to our customer these items and we do endorse the relevant documents necessary for evidence of Transit Sale. Now, the query is that whether ....
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....at the time of raising commercial invoice to our customer, can we change the description of goods to 'parts of item X as we had obtained the order from our customer for item 'X'. Please advice. Repl....
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....y By BHARAT PUROHIT: The Reply: D/ SIRS THE BASIC CONCEPT OF TRANSIT SALE IS MOVEMENT OF SAME ( NOT SIMILAR) ITEM.THE PURPOSE OF THIS FACILITY IS TRANSPORT OF SAME ITEM ( WITHOUT STORAGE IN THE WAY....
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....) SHOULD NOT B TAXED TO AVOIDE CSCADING EFFECT AND AVOIDE REFUND PROCEDURE. WITH THIS CONCEPT, I BELIEVE, CHANGE IN DESCRIPTION IS NOT ALLOWED. THE MATERIAL DESCRIPTION MUST B THE SAME. SULPHURIC ACI....
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....D CAN B CHANGED AS SULPHUR ACID COMMERCIAL GRADE. THNX/ B.B.PUROHIT<br> Discussion Forum - Knowledge Sharing ....