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of <h1>CGST Circular Clarifies Principal-Agent Relationship: Agents Issuing Invoices Must Register for GST Under Schedule I; Agri-Commission Services Exempt.</h1> The Central Board of Indirect Taxes & Customs issued a circular clarifying the principal-agent relationship under the Central Goods and Services Tax (CGST) Act. According to Schedule I of the CGST Act, the supply of goods by an agent on behalf of a principal without consideration is deemed a supply. The circular outlines that an agent is defined by their representative role, involving the supply or receipt of goods on behalf of the principal. It specifies scenarios where agents are liable for GST registration, emphasizing that agents issuing invoices in their own name for goods supplied on behalf of a principal fall under Schedule I. Additionally, services by commission agents for agricultural produce are exempt from GST.
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