Transaction between such principal and agent

[Guest]

Dear All Expert,

Please guide,

Meaning and scope of “supply” Comparative view under revised model GST law vis-à-vis earlier model GST law. Which published on 26^th November 2016.

earlier model GST law term “supply” is contained in sub section (2)(a) of section 3 of the model CGST/SGST act,2016 as above, Where a person acting as an agent who, for an agreed commission or brokerage, either supplies or receives any goods and/or services on behalf of any principal, the transaction between such principal and agent shall be deemed to be a supply

Is now Omitted from the definition of “supply”

Then the transaction with principal & agent is out of the GST

[Ganeshan Kalyani]

In my veiw No.

Refer 128. Liability of agent and principal. Where an agent supplies or receives any taxable goods on behalf of his principal, such agent and his principal shall be jointly and severally liable to pay the tax payable on such goods under the Act.

[Ganeshan Kalyani]

Also go through the article in below link.

3977	Meaning and Scope of ‘Supply’ – Comparative view under Revised Model GST Law vis-à-vis Earlier Model GST Law
	By: -Bimal jainDated: - 03-12-2016

AI Summary

Supply definition change in GST: omission does not eliminate agent and principal joint tax liability under the law. Operative liability consequence: notwithstanding the omission from the definition of supply, the statutory liability provision makes an agent and the principal joint and several liable for tax where an agent supplies or receives taxable goods on behalf of the principal, so tax liability on principal-agent transactions remains enforceable against either party.