Agents Under Gst Agent U S 2 5 Of The Cgst Act And Their Liabilities
Principal ⇒ Agent [ Contractual Agreement – written / oral / merely inferred from the way an agent and its principal conduct their business affairs] Conditions for Agents under GST: Agreement must be explicit to show that an agent is arranging the transactions on behalf of its principal, rather than trading on its own account;Agent must not be the owner of any of the goods, or use any of the services which they procure / avail for making outward supplies on behalf of its principal;No alteration either in the nature or value of any of the supplies made between principal and third parties...