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Accounting of CFA

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(Querist)
08 October 2008 Hi,

We have been appointed as Clearing and forwaring agentby one of the company.In this case who will be liable to pay the sales tax.Money is collected in the name oft he client and deposited in his account.Also what would have been the case if were appointed as the clearing sales agent?
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Hiral Raja

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Hiral Raja (Expert)
20 November 2008 In case of being CFA, sales tax liability will clearly be of the Company who has appointed you and not yours at all.
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