Sales tax
This query is : Resolved
31 August 2012
i have pharma company in which we sale medicine to the Stock distriuter , we prepare sales invoice on the name of such stock distributer but actually he is the stockist only who send the medicine to the hospital on behalf of us .We used to take order from hospital , we tell to that stockist to send that oredered medicine . that stockist take commission on that sale . Stockist raise bill to that hosital & recover amt from hospital & pay to us.
I dont understand hw should we do accounting for that plz help
give your no.
I dont understand hw should we do accounting for that plz help
give your no.
01 September 2012
Dear Poonam,
This seems to be a case of consignment sale. The distributor(consignee) affect sale on behalf of your company.
This seems to be a case of consignment sale. The distributor(consignee) affect sale on behalf of your company.
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- RCM INVOICING FROM NOV-2024
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
Trending Online Classes
CAclubindia
