Sale in transit
SUBHASH SHARMA
(Querist) 30 May 2012
This query is : Resolved
X (UP) SOLD GOODS TO Y(DELHI) AGAINST C-FORM.
WHEN GOODS WERE IN TRANSIT Y(DELHI) SOLD THE SAME GOODS TO Z(UP).
CAN THIS TRANSACTION BE TREATED AS SALE IN TRANSIT SINCE THE MOVMENT OF THE GOODS TAKE PLACE IN THE SAME STATE.
PLEASE CONFIRM.
REGARDS
SUBHASH SHARMA
ADVOCATE
M-9891338895
Suhail A.Siddiqui
(Expert) 30 May 2012
U are well aware such transaction should cover three states not three parties
Anirudh
(Expert) 31 May 2012
Mr. Suhail has to clarify as to where from he gets the requirement that such transaction should cover "THREE STATES". What will happen if only two states are covered in such transaction, will it not be a valid sale? I think Suhail has to come out very categorically. I am damn sure Mr. Suhail is not correct when he says there should be three states for such transactions.
Anirudh
(Expert) 31 May 2012
Mr. Suhail has to clarify as to where from he gets the requirement that such transaction should cover "THREE STATES". What will happen if only two states are covered in such transaction, will it not be a valid sale? I think Suhail has to come out very categorically. I am damn sure Mr. Suhail is not correct when he says there should be three states for such transactions.
Shonee Kapoor
(Expert) 31 May 2012
Nothing more to add.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
R K JAIN
(Expert) 01 June 2012
Under the the CST Act the goods must move out side the state physically and sale should not be concluded in the same state. In this transaction the goods are not moving out of the state so this sale will not be covered under the CST Act.
