https://www.taxtmi.com/caselaws?id=395356 A statutorily mandated deposit of timber with a Government Timber Depot was treated as a supply under GST because the depot functioned as an agent selling the goods by auction on behalf of the principal. The value of that supply had to be determined under the GST valuation rules applicable to principal-to-agent supplies, using open market value or the prescribed alternative methods. The time of supply was linked to removal of the timber for deposit and the corresponding invoice stage. Supervision charges collected by the depot were held taxable as a distinct service, and reverse charge applied where the depot was a government department. en-us Thu, 19 Mar 2020 00:00:00 +0530 Tue, 18 Mar 2025 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395356 A statutorily mandated deposit of timber with a Government Timber Depot was treated as a supply under GST because the depot functioned as an agent selling the goods by auction on behalf of the principal. The value of that supply had to be determined under the GST valuation rules applicable to principal-to-agent supplies, using open market value or the prescribed alternative methods. The time of supply was linked to removal of the timber for deposit and the corresponding invoice stage. Supervision charges collected by the depot were held taxable as a distinct service, and reverse charge applied where the depot was a government department. Case-Laws GST Thu, 19 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395356