Can you tell me who is responsible for payment of VAT when the goods are received by the consignment agent form another state and whether consignment agent is require to make bill in his name in consignment agent business.
01 August 2011
Consignment agents are not necessary to pay VAT. they are only Agent for the goods to sell. So bills need to be raised by the principal seller to customer
Please Clarify as per my knowledge from other sources....consignment agent can pay VAT...it is not compulsion to Principle to register in another state.
CAclubindia
