https://www.taxtmi.com/circulars?id=60674 Whether a del credre agent is an agent under Para 3 of Schedule I depends on invoicing: if the supplier invoices the customer (directly or through the DCA) the DCA is not an agent; if the DCA invoices in his own name the DCA is an agent. If not an agent, short term credit by the DCA is an independent financial service and its interest is not part of the supplier's goods value. If an agent, the extension of credit is subsumed into the goods supply and the interest must be included in the goods' transaction value. en-us Mon, 31 Dec 2018 00:00:00 +0530 Wed, 01 May 2019 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60674 Whether a del credre agent is an agent under Para 3 of Schedule I depends on invoicing: if the supplier invoices the customer (directly or through the DCA) the DCA is not an agent; if the DCA invoices in his own name the DCA is an agent. If not an agent, short term credit by the DCA is an independent financial service and its interest is not part of the supplier's goods value. If an agent, the extension of credit is subsumed into the goods supply and the interest must be included in the goods' transaction value. Circulars GST - States Mon, 31 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60674