Schedule 1
Activities to be treated supply.
Even if made without consideration.
3. Supply of goods—
[a] by a principal to his agent where the agent undertakes to supply such goods on behalf of the principal; or
[b] by an agent to his principal where the agent undertakes to receive such goods on behalf of the principal.
Any one can explain that. consignment of goods are to be treated as supply and taxable , even there sales invoice not generated and goods are kept at consignee without consumption?
CAclubindia
