https://www.taxtmi.com/caselaws?id=127085 Section 8 exempted commission agency transactions only where the dealer acted for a known principal, the principal was specified in the accounts, and the remuneration was confined to agreed commission or brokerage. On the buying side, rusum shown as part of transaction costs and passed through the agent was treated as a legitimate charge within the exemption, so the buying turnover was exempt. On the selling side, rusum collected from purchasers without proof that it was payable to the principal was treated as the agent's own profit and fell outside the exemption, so the selling turnover was taxable. en-us Fri, 04 Feb 1949 00:00:00 +0530 Mon, 25 Feb 2013 18:35:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127085 Section 8 exempted commission agency transactions only where the dealer acted for a known principal, the principal was specified in the accounts, and the remuneration was confined to agreed commission or brokerage. On the buying side, rusum shown as part of transaction costs and passed through the agent was treated as a legitimate charge within the exemption, so the buying turnover was exempt. On the selling side, rusum collected from purchasers without proof that it was payable to the principal was treated as the agent's own profit and fell outside the exemption, so the selling turnover was taxable. Case-Laws VAT and Sales Tax Fri, 04 Feb 1949 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127085