E1/E2 transaction

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....1/E2 transaction<br> Query (Issue) Started By: - Tamal Chatterjee Dated:- 25-10-2016 Last Reply Date:- 25-2-2017 VAT + CST<br>Got 4 Replies<br>VAT / Sales Tax<br>Suppose manufacturer A sells to trade....

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....r B (under E1 transaction) with C as ultimate consignee. A raises invoice as follows: Basic price = INR 100 ED = INR 12 CST = INR 2 Total = INR 114 B sells it to C under E1 transaction and raise....

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....s invoice as follows: Basic price = INR 150 ED (reimbursement) = INR 12 CST = ?? Can you pl help in finding out CST to be charged under question mark (??) above Reply By Ganeshan Kalyani: The Rep....

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....ly: Under sale in transit subsequent sale is exempt against form E1. Reply By Narendra Soni: The Reply: Central Sales Tax Act 1956 envisages single point of taxation i.e tax at the first point of s....

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....ales. Subsequent sales during the movement of the goods from one state to another have been exempted under section 6(2) of CST Act. &#39;B&#39; will not charge CST. Reply By YAGAY AND SUN: The Reply....

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....: Subsequent sales under Rule 6(2) are exempted from the levy of CST. Reply By Kuldeep Nain: The Reply: Dear Sir / Madam On What AMOUNT C (Consignee) will Issue C form to B (First Buyer). Confusio....

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....n on amount. 1. &#8377; 114 2. &#8377; 150<br> Discussion Forum - Knowledge Sharing ....