https://www.taxtmi.com/forum/issue?id=106118 Appointment of a sole selling agent raises indirect tax and accounting issues: which party must obtain VAT registration and file returns, whether the principal can opt for the composition scheme if turnover is below limits, how transfers of goods to the agent are to be accounted (sale, consignment, or stock transfer), the valuation basis for such entries (cost versus market/agent sale price), and the required invoicing and inter-party documentation. Specialist Company Secretary and tax consultant advice is recommended for compliance. en-us Sat, 21 Sep 2013 13:03:15 +0530 Thu, 23 Jan 2025 15:57:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106118 Appointment of a sole selling agent raises indirect tax and accounting issues: which party must obtain VAT registration and file returns, whether the principal can opt for the composition scheme if turnover is below limits, how transfers of goods to the agent are to be accounted (sale, consignment, or stock transfer), the valuation basis for such entries (cost versus market/agent sale price), and the required invoicing and inter-party documentation. Specialist Company Secretary and tax consultant advice is recommended for compliance. Discussion-Forum VAT / Sales Tax Sat, 21 Sep 2013 13:03:15 +0530 https://www.taxtmi.com/forum/issue?id=106118