What is E1 Sale? under Section 6(2) of CST act., VAT + CST

[Saravanan Periyasamy]

What is E1 Sale? under Section 6(2) of CST act.

Posts / Replies

[Pradeep Khatri]

Dear Saravanan,

When goods are further sold by an intermediate buyer without taking the physical delivery to a third buyer in other State, then it is said that it is transit sale or E-1 Sale.

It can be done either by endorsement of documents of title or by conducting Bill to Ship to transaction.

Regards,

Sameer Malhotra - Consultant

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)