rajagopal.s
(Expert) 11 February 2016
Sale under Sec 6(2) E-I Transaction Under E-I transaction the movement of goods from one state to another is effected by a transfer of documents of title to the goods during their movement from one state to another (sales in transit)
Example :
Manufacturer — ABC Pune ABC Customer-M/s I Trade , Aasam Ultimate Buyer M/s. XYZ Kolkata
ABC Pune will raise Invoice on M/s I Trade charging CST @2%
The LR will reflect destination of Kolkata (Actual place of Delivery)
M/s I Trade will endorse the LR enroute to Ultimate Buyer –as being actual Place of Delivery, without taking the delivery of goods and will raise commercial Invoice on his Customer at Kolkata giving reference of LR endorsed.
M/s I Trade will need to Issue C form to ABC, Pune ABC- Pune will issue Form E-I to M/s I Trade giving reference of Form C received. M/s I Trade buyer being XYZ will issue C form to M/s I Trade.
DEBARAJA SAHOO
(Querist) 11 February 2016
Thanks Raja Gopal Sir, But my concern is, who has to issue road permit and to whom to issue.
Regards/
Rajendra K Goyal
(Expert) 12 February 2016
Commercial query. Consult your tax consultant.
Devajyoti Barman
(Expert) 12 February 2016
commercial query....no reply..
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