Poonawalla fincorp
Poonawalla fincorp

Local transfer of consignment stock

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 July 2011 I use to receive stock in kolkata on consignment basis (payment after if sale realised) from a delhi based company (say-A) which deals in readymade footwear & apparels. the company A has its own retail outlets in kolkata.
My question is : Can I transfer / receive stock from its local outlets in kolkata. please explain the reason & its efeect in VAT/sale tax.
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CS Bijoy

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CS Bijoy (Expert)
12 July 2011 In VAT outside purchase have no input tax benefit but if you purchase from the Local Outlet you can claim Input tax benefit.

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