What is E1 form in CST?
Certificates required: Dealer selling the goods has to issue a certificate in prescribed form to the purchasing dealer (Prescribed forms are E1 form if its first sale and E2 form if subsequent sales). Subsequent purchaser has to issue certificate in prescribed form (This is C form) to his seller.
What is declared under CST Act?
Declared goods are the goods of special importance on which there are certain restrictions placed under CST Act 1956 on imposition of sales tax or VAT by the states.
What is I form in CST?
Inter-state sale of goods to a unit located in SEZ is exempt from payment of central sales tax, subject to the purchasing unit issuing a statutory declaration in Form-I. Sale of goods to a unit located within the same state is governed by the VAT legislation of the relevant state.
What are the goods under CST?
Section 2(c) of CST Act defines ‘Declared Goods’ as those declared under section 14 of CST Act as ‘goods of special importance in Inter State Trade or commerce. Section 14 of CST Act gives a list of such goods and section 15 specifies restrictions on power of States to tax such goods.
What is form E1?
Form E1. This form is issued by the dealer who makes the first inter-state sale during movement of goods from one State to another. This enables the purchaser to claim exemption from CST on the second inter-state sale during the movement of goods by transfer of documents of title.
How do I get an E1 form?
- Go to Gateway of Tally > Display > Statutory Reports > VAT > Declaration Forms > Forms Requisition .
- Select Annexure E1/E2 , and press Enter .
- Click E : Export . The Export Report screen appears.
- Select the option XML (data interchange) in the field Format .
- Press Enter to export.
What is meant by central excise duty?
It is important to note that as of 2020, a wide number of indirect taxes including excise duty are now part of GST (Goods and Services Tax). This means that except on certain items such as liquor and petroleum, central excise duty has ceased to exist in India.
Who can issue Form H?
H Form / Form H. ‘H Form’ under CST is issued when the inter-state buyer is an exporter and buys the goods for the purpose of exports. If the exporter buyer (who belong to other state) issues ‘H form’, the selling dealer is not required to charge or pay any CST on the transaction.
What is CST assessment order?
(i) Original assessment orders passed by the assessing authority, wherein CST is charged on the materials moved from one State to another State, rejecting the claim of the assessee towards stock transfer of materials, after verification of the ‘F’ form declarations and documentary evidence submitted by the dealer in …
Who is registered dealer under CST Act?
An Auctioneer who caries on the business of selling or auctioning goods belonging to any principal, whether disclosed or not and whether the offer of the intending purchaser is accepted by him or by any principal or a nominee of the principal.
How do I get an e 1 form?
How to Get a Copy of SSS E1 Form Online
- Visit the SSS homepage and Go to Forms Link. The sss homepage is www.sss.gov.ph.
- Select the Personal Data Record E1 form in the list. On the new page, you will be able to see the sss downloadable forms.
- Download and Print the SSS E-1 Form.
What are the different forms of CST form?
Various forms under CST Form –C : Concessional Form Form- E1 : Transit sale –First seller Form- E2 : Transit sale –Second seller Form –F : Stock transfer / Branch transfer Form –G : Form of Indemnity Bond Form –H : Indirect Exports Form –I : SEZ Sales Form –J : Sales to United Nations / Consulates / Diplomatic Missions etc.
What do I need to register with CST?
Every dealer who effects inter-state sale is required to register with State sales tax authorities who are empowered to grant registration under CST Act. Application should be in form ‘A’. Security has to be furnished. Certificate of registration will be in form ‘B’.
How is a dealer registered under the CST Act?
If the application is in order and assessing officer is fully satisfied with the facts contained therein, he will register the dealer under this Act and issue a certificate of Registration in Form B. If a dealer has more than one place of business then additional copies of certificate will be issued.
Which is the form for concessional rate of CST?
Form C, E-I/E-II, F, G, H, I and J have been prescribed to avail concessional rate of CST. Form C and E-I/E-II and F are required to be collected and submitted on quarterly basis. In case of forms H, I and J, no time limit has been prescribed.