TaxTMI 
TaxTMI 
TaxTMI 
E1 & E2 Transaction
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....1 & E2 Transaction<br> Query (Issue) Started By: - Manojit Barman Dated:- 26-2-2012 Last Reply Date:- 18-3-2013 VAT + CST<br>Got 8 Replies<br>VAT / Sales Tax<br>Dear Seniors, A is the Material Manufacturer in Jabbalpur CG B is the Dealer in Noida, UP C Customor/Consignee Shajanpur, UP My Question is: Is the below transaction "Sale In Transit / E1 Transaction" or not ?. B purchases the mater....
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....ial 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. Reply By ALOKE GHOSH: The Reply: Dear Mr.Burman ....
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....The Transaction clearly covers under section 6(2) of the CST Act,1956 ,i.e subsequent sale and required forms are E1 & E2. Please get it confirmed that while raising Invoice by M/s A for such sale, the name of M/s B has been stated as Buyer and the name of M/s C is stated as Consignee and since there is inter state movement the same is covered under the said section. Thanks Aloke Ghosh Reply By....
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.... vittal Rao: The Reply: "E1" refers to sales in transit . i.e., the sale is effect ed to a buyer who has ordered with another buyer, for whom the the material transhipment us under way. vittal rao Reply By JSW SEVERFIELD STRUCTURES LIMITED: The Reply: Dear Mr. Burman, If Goods destination ends at C-UP then no question of issuing E-II. If the Goods are attracting further movement then the que....
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....stion of E-II comes and B has to issue E-II. Please correct me if am wrong. Reply By Manojit Barman: The Reply: Dear All, Thanks for your reply. But my question is that how to I will do billing to C. We (B) & C we are in same state. I will put any tax in our invoice or only charge as per our order value (Manufacturer Value + our profit) Please help my. Thanks & Regards M Barman M: +919958....
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....352480 Reply By JSW SEVERFIELD STRUCTURES LIMITED: The Reply: Dear Burman, You may have to raise Commercial Invoice / Bill in Transit adding Value + profit, you have to show Actual CST charged by A Reply By Vinay Singh: The Reply: Dear Mr. Burman How much amount of C form will be issued by C to B. A invoice to B for Rs.102/- including CST Rs.2 B Invoiced to C for Rs.120/- including CST Rs....
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.....2 as per A invoice. Now tell me amount of Cst C form to be issued in format 1 or 2 given below 1) Amount Rs. 118/- + CST Rs.2/- = Total Value Rs.120/- 2) Amount Rs. 117.64/- + CST RS.2.36/- = Total Value Rs. 120/- Reply By Bhuwan Joshi: The Reply: One More question added to question raised by Mr. Vinay Singh. What will be tax liability on Rs. 18 ( i.e. Rs. 120-102). Since B & C both are in....
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.... UP Sale of Rs. 18 to be regarded as Loacal or Central (E1) Thanks & Regards Reply By Bhuwan Joshi: The Reply: Dear Expers, Please reply our query. Regards<br> Discussion Forum - Knowledge Sharing ....