After receiving good in f form, selling byconsignee

Others 377 views 2 replies

hi

we need to bring good in f from from our principal and need to sell out by our name (on own tin)

is it possible , means my principal not want to tack new tin (vat) in our state 

any way for it

Replies (2)

yes u can do sales in ur invoice with ur TIN no.,  this is nothing but consignment transaction falls under section 6A(1) submission of F form is mandatory to prove stock transfer.

If a dealer sends goods to its agent in another state who stocks and sells goods on behalf of the dealer, such agent is called consignment agent and such stock transfer is also not considered as interstate sales since there is no sales involved in it, sales will take place when such agent will sell goods. But to prove such stock/branch transfer, F form is required to be produced as proof.

 

SO AGENT NEED TO PAY service tax on commission 

 

also how accounting will need to do like pricipal need to tack care of every invoice and expenses done by agent or need to maintain  only agnets account  with stock tranfer and payment recived

 

also can we appoint consingnment agent come marketing agent

 

advise

 

 


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