We have received the Sale on approval requirement from our customer Anushree reddy ,Hyderabad.
In this case, Company will send the goods on consignment mode and book the sales invoice only the goods sold out at franchisee end,
1.Transfer rate needs to be calculated as per margin set in Price list on transfer entry
2.Tax would be calculated on the transfer in document level only.
3.Ledger posting is not required for tax value.
4.Sales entry will be done against the transfer but only the item which sold out .
5. if items are not sold for 6 months then it will be taken return. required will be required for the same.
6.Register report is required for the E way bill generation