Consignment query-urgent
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.
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
(Expert)
10 December 2015
on the date on which company B sells goods.
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
(Expert)
10 December 2015
it is inter state transfer of consignment sale.
CA Parul Saxena
(Querist)
10 December 2015
Please elaborate all the consequences i am asking about vat return of A
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
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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