When goods are concider to sale
This query is : Resolved
23 November 2014
when goods are consider to be sale
23 November 2014
Goods are to be considered as sold when the property in the goods transfers from Seller to Buyer as per the terms of the contract.
The next issue is what is the time when the Property in goods gets transferred. This is governed by Sale of Goods Act which specifies different timings for transfer of property in different scenarios. Apart from the Act, there are also commercial practices which govern the time regarding transfer of title.
Thanks!
The next issue is what is the time when the Property in goods gets transferred. This is governed by Sale of Goods Act which specifies different timings for transfer of property in different scenarios. Apart from the Act, there are also commercial practices which govern the time regarding transfer of title.
Thanks!
25 November 2014
its depend on the condition of the contract between buyer and seller.
01 December 2014
agreed with pv ram.................
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
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- TAN for Partnership
- Soyabean hsn code and gst rate
- Last year TDS Claim
- Free lancer income
- What is provisional receipt number for generation of form 16A
- LTCG for Assmt year 26-27
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
