Answer Posted / g srikanth
E1 SALES/FIRST TRANSIT SALES
a) if goods are sold a dealer in other states is called normal cst sales
b) if goods are sold a dealer in other states while the goods are in the transit. then it is called first transit sales or E1 sales
c) first transit sales or E1 sales are exempt from CST
d) in first transit sale E1 from is issued by the seller and it is a certificate for the first transit sale.
e) E1 from is prescribed by CST rules 1957
E2 SALES/ SECOND TRANSIT SALE
if the buyer of first transit sales of goods sells the same goods to a dealer in the other state while the goods are in the transit then it is called 2nd transit sale/E2 sales
b) the seller of second transit sale shell issue E2 Form to the buyer
c)E2 Form is prescirbed by CST rules 1957
d) 2nd transit sale is exempt from cst
| Is This Answer Correct ? | 9 Yes | 1 No |
Post New Answer View All Answers
what is a register when referring to accounting or bookkeeping?
what's the mean by Imprest system? Please give me Replay on this no. 9885789716
Tell me how you can adjust entries into account?
what is ment by suspence account and dummy account
what are the basic elements to prepare a quarterly information system and how to calculate that items?
In india i did MA BE.d but now i am applying for student visa in australia in masters of professional accounting will i face any problem in interview call that why u change ur course how i ill support my answer
what is account reconcillation
What is balance sheet and off balance sheet?
on the basis accounting,acounting is divided in to how many classes and what are they?
Explain what is double-entry accounting? Explain with an example?
what is the relationship between cost accounting financial accounting and managerial accounting?
how to calculate vat,pf,esi,service tax in corporate firm
In which condition a vendor raise excise invoice & what are the effect of excise invoice on client ?
WHAT IS THE DEFINATIN OF IDENTICAL GOODS AND SIMILAR GOODS? WITH EXAMPLE?
what is the due date of 28th feb
