Transit sale e1
Vijay Kumar
(Querist) 03 February 2012
This query is : Resolved
Hi,
Please answer for below query of Transit Sale
.
A-supplier.
B-First buyer.
C-final buyer.
A- raised the Invoice for a item named as
ABC to Bill to party(B) and Ship to party (C)
B- Raised the Invoice TO (C)for same item but name is different like (DEF).
can first Buyer (B) do the changing / modification in goods if these are selling with TRANSIT SALE MODE, as per sales tax rules.
Raj Kumar Makkad
(Expert) 03 February 2012
There is no scope to reply commercial academic query on this free service.
R.Ramachandran
(Expert) 03 February 2012
The invoice by B to C comes later.
To qualify as an E-I sale, all that is required by B is that he should endorse the GR in the name of C while the goods are still in transit.
B should first give Form-C to "A".
When B makes in-transit sale to "C", B should obtain Form-C from "C".
On the basis of Form-C obtained by B from C, he should obtain Form-E1 from "A".
If B effects in-transit sale, the description of the goods can never change. Therefore, A will not be in a position to give Form-E1 unless the description and quantity in the invoice is the same as in the original invoice of "A" to B.
R.Ramachandran
(Expert) 03 February 2012
Dear Mr. Makkad,
Thinking that he is another Advocate, I answered. I completely missed out the point which you have made.
Let me be careful hereafter.
Raj Kumar Makkad
(Expert) 03 February 2012
Ramachander ji! You being most wise and senior expert, we all expect from you to follow the joint decision. Anyway, good evening.
prabhakar singh
(Expert) 03 February 2012
We do not answer commercial query.
Also we do not like to e addressed "HI"
Advocate. Arunagiri
(Expert) 03 February 2012
Yes, we the experts had decided not to answer anonymous, academic, commercial etc queries.
Queries pleas co-operate with us. come with real problems. We are here to help you.
