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TMI BlogE1 & E2 TransactionX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 material 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 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 confirm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed 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 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, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 question of E-II comes and B has to issue E-II. Please correct me if am wrong. - Reply By Manojit Barman - The Reply = Dear A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll, 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: +919958352480 - Reply By JSW SEVERFIELD STRUCTURES LIMITED - The Reply = Dear Burman, You may have to raise Commercia ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l 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.2 as per A invoice. Now tell me amount of Cst C form to be issued in format 1 or 2 given below 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) 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 UP Sale of Rs. 18 to be regarded as Loacal or Central (E1) Thanks Regards ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Reply By Bhuwan Joshi - The Reply = Dear Expers, Please reply our query. Regards - E1 & E2 Transaction - Query Started By: - Manojit Barman Dated:- 26-2-2012 Value Added Tax - VAT-CST - Got 8 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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