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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Clarification on Del-Credere Agents' Role and Invoice Issuance under MGST Act 2017 for Uniform Implementation.</h1> The circular addresses the scope of the principal-agent relationship under the MGST Act, 2017, focusing on del-credere agents (DCA). It clarifies that a DCA guarantees payment to suppliers, distinguishing them from typical agents. If a DCA issues invoices in their name, they are considered an agent under the MGST Act. When a DCA provides short-term loans to buyers, this is an independent service and not part of the goods' value unless the DCA is acting as an agent, in which case the interest charged is included in the goods' value. The circular seeks to ensure uniformity in implementation.
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