Transfer price in case of stock transfer on consignment basis
PREM VERMA
(Querist) 24 December 2013
This query is : Resolved
SIR,
WE HAVE MOTHER DEPO AT PUNJAB & MARKETING OVER 18 STATES OF INDIA . WE HAVE APPOINTED CONSIGNEE IN THESE LOCATIONS & TRANSFER GOODS ON CONSIGNMENT BASIS.CONSIGNEE WILL SOLD THE GOODS ONLY AT PRICE WE HAVE FIXED & AGAINST THE ORDER OUR MARKETING REPRESENTATIVE HAS MADE.THE CONSIGNEE WILL GET COMMISSION .WE ARE OWNERS OF THE STOCKS LYING WITH THEM .
CAN SOMEONE CLARIFY THAT WHAT WOULD BE STOCK TRANSFER PRICES FOR TRANSFER OF STOCKS TO OUR CONSIGNEE AT OTHER STATES.PLEASE PROVIDE LAW DEATILS & CASE STUDY IF THERE ANY.
ajay sethi
(Expert) 24 December 2013
commercial query . you can afford legal fees
R.K Nanda
(Expert) 24 December 2013
consult tax lawyer.
R K JAIN
(Expert) 25 December 2013
Stock transfer price will be the value of goods and the value of goods will be the same for which the goods insured before transportation or any other value on which you sale the goods to customer.
