E1 sales / purchase
Querist :
Anonymous
(Querist) 02 February 2011
This query is : Open
In E1 Sales
1. Should the first invoice (i.e)invoice of the original seller must contain a word as E1 Sale anywhere?
Whether the delivery address in this invoice must be first buyers address or the subsequent buyer address?
2. When B purchase from A for rate of Rs. 100/- Can B raise invoice to C for Rs. 105/- including his profit or the rate should be the same as A?
If B can, should he have to pay tax for the difference amount- On what basis CST or Local Vat rates?
If B doesn't have to pay tax wont there be any question raised by the Govt. regarding revenue loss to Govt.
3. From this site I understand that the delivery address in the GR/LR copy should be the original buyer and it should be duly
endoresed in favor of the subsequent buyer by the original buyer. But my doubt is that finaly the freight will be paid by the subsequent buyer. So in the carriers receipt or the carriers freight invoice whose address should be mentioned- the first buyer or the subsequent buyer?
