https://www.taxtmi.com/caselaws?id=127288 A broker described as a del credere agent was held not to be a dealer under Section 2(c) of the Sales Tax Act where his role was confined to introducing buyers and guaranteeing payment, while sales were concluded directly by the principal. Because he never took possession of the goods, never acquired title, and did not sell on behalf of the principal in the statutory sense, he lacked the incidents of a factor or mercantile agent. On that basis, registration as a dealer could not be sustained, the order treating him as a dealer was quashed, and cancellation of the registration certificate was directed. en-us Tue, 15 Sep 1953 00:00:00 +0530 Wed, 06 Mar 2013 17:51:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127288 A broker described as a del credere agent was held not to be a dealer under Section 2(c) of the Sales Tax Act where his role was confined to introducing buyers and guaranteeing payment, while sales were concluded directly by the principal. Because he never took possession of the goods, never acquired title, and did not sell on behalf of the principal in the statutory sense, he lacked the incidents of a factor or mercantile agent. On that basis, registration as a dealer could not be sustained, the order treating him as a dealer was quashed, and cancellation of the registration certificate was directed. Case-Laws VAT and Sales Tax Tue, 15 Sep 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127288