Who are pure Agents?
1 Replies
Joey Tribbiani
(fdg)
(2010 Points)
Replied 28 September 2010
As per explanation 2 to rule 5(2) of Service Tax (Determination of Value) Rules, 2006),“pure agent” means a person who–
(a) enters into a contractual agreement with the recipient of service to act as his pure agent to incur expenditure or costs in the course of providing taxable service;
(b) neither intends to hold nor holds any title to the goods or services so procured or provided as pure agent of the recipient of service;
(c) does not use such goods or services so procured; and
(d) receives only the actual amount incurred to procure such goods or services.
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