https://www.taxtmi.com/article/detailed?id=11 The draft Valuation Rules, 2006 exclude costs incurred as a pure agent from the taxable value only if eight conditions are met (agency when paying third parties; recipient receives and uses procured goods/services; recipient is responsible for payment and authorises payment; recipient knows a third party supplies the goods/services; payment is invoiced separately; only actual amounts are recovered; and procured goods/services are additional to provider services) and four further conditions establish pure agent status (contractual agency, no title, no use by provider, and recovery of actual amounts). en-us Fri, 03 Mar 2006 00:00:00 +0530 Sat, 23 Oct 2010 10:50:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11 The draft Valuation Rules, 2006 exclude costs incurred as a pure agent from the taxable value only if eight conditions are met (agency when paying third parties; recipient receives and uses procured goods/services; recipient is responsible for payment and authorises payment; recipient knows a third party supplies the goods/services; payment is invoiced separately; only actual amounts are recovered; and procured goods/services are additional to provider services) and four further conditions establish pure agent status (contractual agency, no title, no use by provider, and recovery of actual amounts). Articles Service Tax Fri, 03 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=11