In consignment sales who must pay tax (consignor or consignee)? At what point tax liability arises?
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Vat on consignment sales
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The consignor 'must' pay tax..
Point of taxation would be the Time when the consignee gives the statement of account sales to the consignor on a monthly/quarterly basis.
What is the implication if the agent is a registered dealer and he issues sale bill in his name?
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