TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Clarification on Principal-Agent Relationship Under CGST Act: Impact on Del-Credere Agents and Loan Interest Inclusion.</h1> The circular clarifies the scope of the principal and agent relationship under Schedule I of the CGST Act, 2017, particularly concerning del-credere agents (DCA). A DCA guarantees payment to the supplier if the buyer defaults, often extending short-term loans to the buyer. The circular explains that if a DCA issues an invoice in their name, they are considered an agent under the CGST Act. If not, the loan service is independent and its interest is not part of the goods' value. Conversely, if the DCA is an agent, the interest on credit must be included in the goods' value.
TaxTMI 
TaxTMI 
