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of <h1>Agents Can Claim Tax Credit on Principal's Goods in Possession Under Section 162A of Model GST Law, 2016</h1> Section 162A of the Model GST Law, 2016, allows agents to claim tax credit on goods belonging to the principal that are in their possession on the appointed day. To qualify, the agent must be a registered taxable person and both parties must declare the stock details as prescribed. The invoices for these goods must not be older than twelve months prior to the appointed day, and the principal must not have availed or must have reversed the input tax credit for these goods. This provision is applicable only under the SGST Law.
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