Consignment query-urgent

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This query is : Resolved

CA Parul Saxena (Querist)

10 December 2015 If a co A sends goods on consignment to co B....then on which date sale should be mentioned in the vat return....
On the date on which co A sends goods to its co B for Sale.
OR
on the date on which co B sells goods on behalf of co A.

Amol S Joglekar

Amol S Joglekar (Expert)

10 December 2015 on the date on which company B sells goods.

CA Parul Saxena

CA Parul Saxena (Querist)

10 December 2015 when goods are sent to co b then nothing to be mentioned in vat return???dosent it would be deemed as inter state sale???

Amol S Joglekar

Amol S Joglekar (Expert)

10 December 2015 it is inter state transfer of consignment sale.

CA Parul Saxena

CA Parul Saxena (Querist)

10 December 2015 Please elaborate all the consequences i am asking about vat return of A

Amol S Joglekar

Amol S Joglekar (Expert)

11 December 2015 there is a separate line item in VAT return for
01. Value of branch transfers/consignment transfers within the state

AND

02.Value of branch transfers/consignment transfers outside the state

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