E1 & e2 form
Rajeev Kumar K P
(Querist) 12 December 2013
This query is : Resolved
Dear Sirs
X is the Material Supplier in Pune
(Maharastra)
Y is the Buyer / Dealer in Kerala
Z is Customer / Dealer in Kerala
My Question is:
Is the below transaction "Sale In Transit / E1 Transaction" or not ?.
Y purchases the Goods from X under CST billing and Y prepare an E1 Invoice without adding any tax amount to Z.
X Delivers in the name of Y. Without taking delivery of Goods, Y Endorse the
L.R.in the name of Z. At last Goods taken delivery by Z from transporter & use the goods for their own purpose.As Z is the end user,this transaction completes here.
Pls advise which statutory forms to be issued by X,Y & Z to each other.
Thanks
waiting for your valuable reply
Rajeev.
Anirudh
(Expert) 13 December 2013
Y has to issue Form-C to X.
Z has to issue Form-C to Y.
X has to issue Form E-I to Y.
R.K Nanda
(Expert) 13 December 2013
consult tax lawyer.