Scope of principal and agent relationship under Schedule I of HPGST Act, 2017 in the context of del-credre agent.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ioner of State Taxes and Excise, Incharge Distt. Kinnour, H.P Dated Shimla-9 the 19th Nov., 2018. Subject: Scope of principal and agent relationship under Schedule I of HPGST Act, 2017 in the context of del-credre agent- Reg. In order to clarify certain issues regarding the scope and ambit of principal agent relationship under GST in the context of del-credre agent (hereinafter referred to as "DCA") and to ensure uniformity of implementation across field formations, the Commissioner, in exercise of its powers conferred under section 168 of the Himachal Goods and Services Tax Act, 2017 (hereinafter referred to as "HPGST Act") hereby clarifies the issues in succeeding paras. 2. In commercial trade parlance, a DCA is a selling agent who is....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the HPGST Act depends on the following possible scenarios: * In case where the invoice for supply of goods is issued by the supplier to the customer, either himself or through DCA, the DCA does not fall under the ambit of agent. * In case where the invoice for supply of goods is issued by the DCA in his own name, the DCA would fall under the ambit of agent. 2. Whether the temporary short-term transaction based loan extended by the DCA to the recipient (buyer), for which interest is charged by the DCA, is to be included in the value of goods being supplied by the supplier (principal) where DCA is not an agent under Para 3 of Schedule I of the HPGST Act? In such a scenario following activities are taking place: 1. Supply of goods fro....