what is E1 FORM
Answers were Sorted based on User's Feedback
Answer / manish.panchal
It is a Form Issued by a 1st Consignee to Seller.
Transaction works in Following manner.
A - Seller in RAJASTHAN.
B - Consignee in GUJRAT.
C - Final Cosumer in MAHARASHTRA.
"c" Wants material which is only manufactured by "A".But
directly will not sell good to "C"."C" will approach to "B"
as he knows "A".
Now, "A" will bill to "B"in Gujrat stating that Good wlll be
delivered to different Consignee ie "C" in Maharashtra. and
Even LR ( Lorry Receipt ) will be prepared in name of "C".
After all this. "C" will issue a Form C to "B". Since "B"
have not consumed or traded goods locally and his name in
involved in this transaction and specifically sold to "C"
through him, he will issue a E1 form to "A". As "A" have not
sold goods directly to "C".
Hope this makes you clear.
E1 form will not be issued if A & B were in same state.
There has to be a three different state for such
Transactions.
| Is This Answer Correct ? | 11 Yes | 0 No |
Dear Sir, I am working in account department. I want to know, Why service tax rate is change in every type of service. For Example - Rent Bill Service Tax Rate - 10.30% Taxi Bill - Service Tax Rate - 4.12% Why it change
in case of vehicle hired for staff pick up & drop for 1 month or 1 year, TDS is applicable ? if yes then which code is mention in challan & which rate is applicable ? in case of vehicle orner is personal or company which rate applicatble ?
if company is registered in West Bangal and goods are purchased from Maharashtra for export, and export will be done from Maharastra, then who can issue the H form?
is there in india the rate of work contract are same in all states if now what are the statewise rate
we have received " c" form against full rate of tax i.e 12.5% from the customers can we summiting in sales tax department for taken a refond as consisnal rate i.e 2% sale against "c" form , but party hasebeen mantion on the back side of from all value inclusive of taxes i.e full rate of tax can we utilised this form for consosnal rate ?
any idea to get the latest simple guide for the taxation information of India?
I HAVE PURCHASE MATERIAL IN 3% CST FROM U.P.AGAINST FORM 'C'. AFTERTHAT I WILL NOT GIVE FORM 'C' THAN HOW MANY RS. PAID TO PARTY.
F FORM RECEIVED FROM SUPPLIER, NOT DEDUCTED GOODS RETURN AMOUNT THEREAFTER WHAT IS THE PROCEDURE DONE BY DEALER?
What is difference between service tax input credit and Cenvat credit? pl expain it.
please tel me Karnataka vat,sale tax deposit from and return from
What is permanent account number (pan)?
IF ANY PROPRITER SAID THAT DON'T DEDUCT TDS OF HIM BECAUSE IT IS NOT PARTNERSHIP FIRM THEN WHAT SHOULD COMPANY DOES?