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

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..... llu, Chamba, Kangra, Revenue Distt Nurpur and Una, H.P 4. The Asstt. Commissioner 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 ) .....

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..... fication 1 Whether a DCA falls under the ambit of agent under Para 3 of Schedule I of the HPGST Act? Whether or not the DCA will fall under the ambit of agent under Para 3 of Schedule I of 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 .....

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..... ncipal on behalf of the buyer and charges interest to the buyer for delayed payment along with the value of goods being supplied, whether the interest will form a part of the value of supply of goods also or not? In such a scenario following activities are taking place: 1. Supply of goods by the supplier (principal) to the DCA; 2. Further supply of goods by the DCA to the recipient; 3. Supply of agency services by the DCA to the supplier or the recipient or both; 4. Extension of credit by the DCA to the recipient. It is clarified that in cases where the DCA is an agent under Para 3 of Schedule I of the HPGST Act, the temporary short-term transaction based credi .....

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