Pure Agent Concept under GST

• September 6, 2020
• CA Chandan Agarwal's Office

An agent is a person who has been authorised to act or represent on behalf of some other person, that some other person may called as Principal.

An agent is under the control (is obligated to) the principal, and (when acting within the scope of authority delegated by the principal) binds the principal with his or her acts.

Agent business is playing crucial role in today`s business world and this article discussing about the pure agent concept under GST.

Agent definition under GST Act:

Section 2(5): “agent” means a person, including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other mercantile agent, by whatever name called, who carries on the business of supply or receipt of goods or services or both on behalf of another.

Read more on: https://taxguru.in/goods-and-service-tax/pure-agent-concept-gst.html