Consignment Stock: Anything not qualifying call off stock will be regarded as consignment stock.
- To meet future demands.
- Transfer of own goods, before a buyer has been found.
- Goods transferred to another implementing state but held in own warehouse(of seller).
- Typically there are multiple potential customer for consignment stock.
- The movement of goods to the suppliers own warehouse is treated as deemed supply.
- Will need to register in implementing state and when sold charge VAT to customer at a local rate.
Source Linkedin (Taxon)
