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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 ..... Suppose manufacturer A sells to trader 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 i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t to C under E1 transaction and raises 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 (??) abo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ve - Reply By Ganeshan Kalyani - The Reply = Under sale in transit subsequent sale is exempt against form E1. - Reply By Narendra Soni - The Reply = Central Sales Tax Act 1956 envisages single p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oint of taxation i.e tax at the first point of sales. Subsequent sales during the movement of the goods from one state to another have been exempted under section 6(2) of CST Act. ' B' wil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l not charge CST. - Reply By YAGAY AND SUN - The Reply = Subsequent sales under Rule 6(2) are exempted from the levy of CST. - Reply By Kuldeep Nain - The Reply = Dear Sir / Madam On What A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... MOUNT C (Consignee) will Issue C form to B (First Buyer). Confusion on amount. 1. ₹ 114 2. ₹ 150 - E1/E2 transaction - Query Started By: - Tamal Chatterjee Dated:- 25-10-2016 Value Ad ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ded Tax - VAT-CST - Got 4 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axmanagementindia.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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