https://www.taxtmi.com/circulars?id=57735 Whether a del credre agent falls within the ambit of agent under Para 3 of Schedule I depends on invoicing: if the supplier issues the invoice, the DCA is not an agent; if the DCA invoices in his own name, the DCA is an agent. If not an agent, the short term loan by the DCA is an independent supply of services and interest charged is not included in the value of the supplier's goods. If the DCA is an agent, the credit is subsumed into the supply of goods and interest must be included in the value of those goods under section 15(2)(d). en-us Thu, 08 Nov 2018 00:00:00 +0530 Tue, 27 Nov 2018 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57735 Whether a del credre agent falls within the ambit of agent under Para 3 of Schedule I depends on invoicing: if the supplier issues the invoice, the DCA is not an agent; if the DCA invoices in his own name, the DCA is an agent. If not an agent, the short term loan by the DCA is an independent supply of services and interest charged is not included in the value of the supplier's goods. If the DCA is an agent, the credit is subsumed into the supply of goods and interest must be included in the value of those goods under section 15(2)(d). Circulars GST - States Thu, 08 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57735