Consignment Stock – Who Owns What

Consignment = you hold someone else’s stock, sell it, then settle.

How It Works

• Supplier sends stock to you
• You sell and earn commission or margin
• Unsold stock can go back
• You don’t own the stock until sold

For Retailers

Common in electronics, jewellery. Less so in kirana. Track consignment separately from owned stock.

GST

Sale happens when you sell to end customer. Until then, it’s supplier’s stock. Document clearly. Inventory management basics.