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TMI BlogTransaction between such principal and agentX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear All Expert, Please guide, Meaning and scope of supply Comparative view under revised model GST law vis- -vis earlier model GST law. Which published on 26 th November 2016. earlier model GST law term supply is contained in sub section (2)(a) of section 3 of the model CGST/SGST act,2016 as above, Where a person acting as an agent who, for an agreed commission or brokerage, either ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... supplies or receives any goods and/or services on behalf of any principal, the transaction between such principal and agent shall be deemed to be a supply Is now Omitted from the definition of supply Then the transaction with principal agent is out of the GST - Reply By Ganeshan Kalyani - The Reply = In my veiw No. Refer 128. Liability of agent and principal. Where an agent su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pplies or receives any taxable goods on behalf of his principal, such agent and his principal shall be jointly and severally liable to pay the tax payable on such goods under the Act. - Reply By Ganeshan Kalyani - The Reply = Also go through the article in below link. 3977 Meaning and Scope of Supply Comparative view under Revised Model GST Law vis- -vis Earlier Model GST Law ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... By: - Bimal jain Dated: - 03-12-2016 - Transaction between such principal and agent - Query Started By: - yogesh Panchal Dated:- 3-12-2016 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TM ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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