Agent and principal liability: both are jointly and severally responsible for tax on agent-made supplies. Liability of agent and principal for tax arises where an agent supplies or receives taxable goods on behalf of a principal; in such cases both the agent ... Summary
Agent and principal liability: both are jointly and severally responsible for tax on agent-made supplies.
Liability of agent and principal for tax arises where an agent supplies or receives taxable goods on behalf of a principal; in such cases both the agent and the principal are jointly and severally liable to pay the tax payable under the Act.
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