Principal-agent supply rule: invoice issuance determines GST treatment of goods transfers under Schedule I. Schedule I deems certain transfers between principal and agent to be supplies even without consideration when the agent acts in a representative capacity. The crucial objective test is invoice issuance: if the agent issues the invoice in his own name for the onward supply, transfers from principal to agent fall within Schedule I; if the invoice to the customer is in the principal's name, Schedule I does not apply. Authority to pass or receive title on behalf of the principal is determinative.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Principal-agent supply rule: invoice issuance determines GST treatment of goods transfers under Schedule I.
Schedule I deems certain transfers between principal and agent to be supplies even without consideration when the agent acts in a representative capacity. The crucial objective test is invoice issuance: if the agent issues the invoice in his own name for the onward supply, transfers from principal to agent fall within Schedule I; if the invoice to the customer is in the principal's name, Schedule I does not apply. Authority to pass or receive title on behalf of the principal is determinative.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
