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of <h1>Karnataka Clarifies GST Law: Understanding 'Intermediary Services' and Key Requirements for Brokers and Agents.</h1> The circular issued by the Karnataka Department of Commercial Taxes clarifies the scope of 'intermediary services' under the GST Law. An intermediary is defined as a broker, agent, or any person facilitating the supply of goods, services, or securities between parties, excluding those supplying on their own account. Key requirements include the presence of at least three parties, distinct main and ancillary supplies, and the intermediary acting in a supportive role. Sub-contracting is not considered intermediary service. The circular provides illustrations to distinguish intermediary services and emphasizes that each case should be evaluated based on specific facts and contract terms.
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