Answer Posted / paqvan sing
E-1 Sales means Sales in Transit under CST Act. E-1 is the
form used for proof of Sale in Transit transaction between
the parties in different states in India.
Example - X orders for some goods with Y in another state. Y
dispatches the same with applicable tax invoice as per CST
Act., but during transit X sells the goods to Z and makes
invoice and have the goods delivered to Z with necessary
documentation and communication.
In this transaction C-Forms will be issued by the buyers to
the sellers and E-1 Form will be issued by Y to X.
In international transactions there is a concept of High-Sea
Sales on the same lines.
| Is This Answer Correct ? | 8 Yes | 4 No |
Post New Answer View All Answers
bank jobs
"Closed Period" method. our current company method of accounting is called the "OPEN PERIOD". It's time we'd like to use the "CLOSED PERIOD". What is the standard timing and detailed procedure for closed period most of the company have been used. Please advise. thanks.
Tell me what is reversing journal entries?
I have transferred the Plant & machines to our Branch which are located in other state. plz told me how can i show the Machin stk trfr amt in return?
What is icai?
What are the effects when intangibles and tangible assests decrease
What is a ledger?
the selling price of a prouduct of vintex limited inclusive of basic excise duty 16% and education cess 2% and SAH cess 1% is rs 3002. find the assessable unit of prouduct?
What is the entry to be passed on receiving the tds certificate in the books of the deductee?
audit under section and penalty under saction scurtiny under saction
Kindly define necessary ledger is to maintain in excise. Kindly define how we maintain P.L.A
What is meant by partitioning?
Write about the media role in daily life
SIR HOW MANY FORM USE FOR COMMERCIAL TAX & WHAT IS THEIR USES. PLEASE GIVE YOUR SUGGEST
What does the investment of personal assets by the owner will do?
