https://www.taxtmi.com/circulars?id=57582 The circular clarifies that invoice issuance determines whether a del-credere agent qualifies as an agent under Para 3 of Schedule I: if the supplier issues the invoice (even through the DCA) the DCA is not an agent; if the DCA issues the invoice in his own name the DCA is an agent. If the DCA is not an agent, short-term credit provided by the DCA is an independent supply and interest is not included in the supplier's value; if the DCA is an agent, the credit is subsumed into the goods supply and interest must be included in the value of supply. en-us Mon, 05 Nov 2018 00:00:00 +0530 Tue, 06 Nov 2018 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57582 The circular clarifies that invoice issuance determines whether a del-credere agent qualifies as an agent under Para 3 of Schedule I: if the supplier issues the invoice (even through the DCA) the DCA is not an agent; if the DCA issues the invoice in his own name the DCA is an agent. If the DCA is not an agent, short-term credit provided by the DCA is an independent supply and interest is not included in the supplier's value; if the DCA is an agent, the credit is subsumed into the goods supply and interest must be included in the value of supply. Circulars GST Mon, 05 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57582