https://www.taxtmi.com/forum/issue?id=106096 Whether purchasers may remit proceeds directly to the consignor when a local consignment agent holds and sells goods received by stock transfer; occasional direct deposits for expenses are acceptable, but regular remittances to the consignor may indicate the consignor is acting as seller. If the agent records sales in VAT returns, pays taxes, receives goods via waybills, and manages storage and dispatch, direct deposits are less problematic. The critical issue is who effects the transfer of goods to the buyer and how sales and taxes are reported. en-us Mon, 16 Sep 2013 15:55:28 +0530 Thu, 23 Jan 2025 15:57:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106096 Whether purchasers may remit proceeds directly to the consignor when a local consignment agent holds and sells goods received by stock transfer; occasional direct deposits for expenses are acceptable, but regular remittances to the consignor may indicate the consignor is acting as seller. If the agent records sales in VAT returns, pays taxes, receives goods via waybills, and manages storage and dispatch, direct deposits are less problematic. The critical issue is who effects the transfer of goods to the buyer and how sales and taxes are reported. Discussion-Forum Companies Law Mon, 16 Sep 2013 15:55:28 +0530 https://www.taxtmi.com/forum/issue?id=106096