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Turnover In case of section 18 and 22
Is the Turnover includes the supply made by Agent on behalf of principal???
Replies (2)
If the agent is doing independent business, i.e. raising invoices of his own , than the turnover will not be added in the principal turnover.
if the agent is working on behalf of principal and the business is in the nature of consignment , then it is the turnover of principal.
if the agent is working on behalf of principal and the business is in the nature of consignment , then it is the turnover of principal.
Yes .... when the Agent issuing Tax Invoice on the behalf of Principal (using GSTN of principal to raise Bill)
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