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of <h1>Gujarat Tax Circular Clarifies Principal-Agent Rules for Del-Credere Agents Under GGST Act 2017, Impacting Loan Interest Calculations.</h1> The circular issued by the Commissioner of State Tax, Gujarat, clarifies the scope of the principal and agent relationship under Schedule I of the GGST Act, 2017, specifically regarding del-credere agents (DCA). It distinguishes scenarios where a DCA is considered an agent based on whether invoices are issued in the DCA's name. If a DCA provides a short-term loan to the buyer without being an agent, the interest charged is not part of the goods' value. Conversely, if the DCA is an agent, the interest becomes part of the goods' value. The circular aims to ensure uniform implementation across field formations.
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