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Hi

I need the help from some Accounting Guru or people with experience with the concept of selling on consignment in Thailand.

To me, "Consignment" simply means placing my products in a shop and what ever is being sold I will issue a Tax Invoice for the items sold.

But seems like in Thailand people are telling me that I have to issue Tax Invoice on ALL the goods that I put in that shop on consignment.

And whatever is being sold, I will issue a "Tax Receipt" for those items sold. There's no mention of "Credit Note".

If I issue the Tax Invoice for all the goods, that means I have to pay VAT even though the goods are not sold yet.

How does it work?

Anyone can share some experience with me please?

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