https://www.taxtmi.com/article/detailed?id=13807 Characterisation as agency or principal-to-principal hinges on substance: whether property, risk and reward in the goods pass to the reseller who may resell at its price. Contract labels are not conclusive; the whole agreement and surrounding circumstances-return rights, price adjustment clauses, insurance and payment risk-determine if the intermediary creates privity for the principal or remains the contractual seller, thereby affecting tax treatment of commissions, discounts and related liabilities. en-us Sat, 15 Mar 2025 12:27:24 +0530 Sat, 15 Mar 2025 12:27:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13807 Characterisation as agency or principal-to-principal hinges on substance: whether property, risk and reward in the goods pass to the reseller who may resell at its price. Contract labels are not conclusive; the whole agreement and surrounding circumstances-return rights, price adjustment clauses, insurance and payment risk-determine if the intermediary creates privity for the principal or remains the contractual seller, thereby affecting tax treatment of commissions, discounts and related liabilities. Articles Goods and Services Tax - GST Sat, 15 Mar 2025 12:27:24 +0530 https://www.taxtmi.com/article/detailed?id=13807