Excise
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2013
What is the difference between normal purchase and consignment ?
How to identify which purchase ia an ordinary one and which is consignment?
How to identify which purchase ia an ordinary one and which is consignment?
19 August 2013
PURCHASES FROM REGULAR PARTIES ARE NORMAL PURCHASES. THE TERM CONSIGNMENT IS DIFFERENT.
HERE AGENT AND PRINCIPAL ARE INVOLVED. PRINCIPAL WILL SEND THE MATERIALS TO AGENT ON STOCK TRANSFER (CONSIGNMENT ACCOUNT) BASIS AND IF ANY PURCHASE IS MADE FROM THAT ACCOUNT WILL BE CONSIGNMENT PURCHASE.
WHAT IS YOUR EXACT QUERY ON CONSIGNMENT?
HERE AGENT AND PRINCIPAL ARE INVOLVED. PRINCIPAL WILL SEND THE MATERIALS TO AGENT ON STOCK TRANSFER (CONSIGNMENT ACCOUNT) BASIS AND IF ANY PURCHASE IS MADE FROM THAT ACCOUNT WILL BE CONSIGNMENT PURCHASE.
WHAT IS YOUR EXACT QUERY ON CONSIGNMENT?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Section 50-fixed asset-->building ceases to exist
- Reprocessing of rectification order AY 2025-26
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Gift Received from nonblood relative
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Regime change
- Consolidated financials
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
