208.
P
supplied goods to Q through an agent A.
Tax liability arising on supply of
taxable goods is Rs. 1 lac and on exempt goods is Rs. 25,000. Who shall be
liable to pay tax- principal or agent? And by what amount?
As
per section 86 of CGST ACT, principal & agent are jointly & severally
liable to pay tax on taxable goods supplied by agent on behalf of principal.
Since the tax liability on taxable goods is Rs. 1 lac, both principal &
agent are jointly & severally liable.