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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Clarification on Principal-Agent Relationship for Del Credere Agents Under WBGST Act, 2017: Invoice and Loan Treatment Explained.</h1> The circular addresses the scope of the principal-agent relationship under the WBGST Act, 2017 concerning del credere agents (DCA). It clarifies that a DCA guarantees payment to the supplier and may issue invoices either in the supplier's name or their own. If the DCA issues invoices in their name, they are considered an agent under the Act. The circular also explains that if a DCA provides short-term loans to the buyer, the interest on these loans is not included in the value of goods supplied unless the DCA acts as an agent, in which case it is included. The circular aims to ensure consistent implementation across jurisdictions.
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