Scope of Principal-Agent relationship in the context of Schedule I of the CGST Act

Prashanth D | Last updated: 06 June 2019

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Definition of supply:- Supply is defined in sec7 of CGST act Supply includes all forms of supply of goods or services or both such as sales, transfer, barter, exchange, license, rental, lease or disposal by a person for consideration in the course or furtherance of business. In terms of Schedule I of the CGST 2017 the supply of goods by an agent on behalf of the principal without consideration has been deemed to be a supply. (Sec 7(1)(c) Further, the two limbs of any supply under GST a

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Prashanth D

CA CS CMA MBA

CA , CS , CMA , MBA , MCOM

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Scope of Principal-Agent relationship in the context of Schedule I of the CGST Act

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