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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 |
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