Consignment
This query is : Resolved
20 February 2014
If some one sending goods on consignment basis to their agents, can that agent sale those goods on his name i.e. can he raise invoice in his name or do he have to sale them on consigner name?
20 February 2014
The Consignee(i.e, agent) have to sale the goods in the name of the Company(i.e, Consignor). Consignee is agent of the Consignor who sell goods in his behalf. He will get Commission for the sale of the stuffs of Consignor.
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20 February 2014
if consignee issues form F, can he sell the goods in his name...
and who has to pay the vat if consignee issues form F
and who has to pay the vat if consignee issues form F
20 February 2014
Clear ur concept 1st.
Suppose u r the owner of goods at pune & i m ur agent at some other place say dehli. u send me some of ur products 4 sale, (but u dont transferred the ownership of the goods). I m here only 2 sale ur stuffs 4 a %age of commission. So hw ca i pay tax or sale goods in my name?? It is the consignor who will take care of his business. Consignee is only an agent.
Suppose u r the owner of goods at pune & i m ur agent at some other place say dehli. u send me some of ur products 4 sale, (but u dont transferred the ownership of the goods). I m here only 2 sale ur stuffs 4 a %age of commission. So hw ca i pay tax or sale goods in my name?? It is the consignor who will take care of his business. Consignee is only an agent.
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