Vat

saurabh (Querist) 15 September 2011 This query is : Resolved
whether member of commodity exchange held liable to pay sales tax when he act on behalf of his client?

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Raj Kumar Makkad (Expert) 15 September 2011
He is liable on behalf of his client similarly as he is performing duties/acts on his behalf.

Sailesh Kumar Shah (Expert) 15 September 2011
Good answered by Expert.

soumitra basu (Expert) 15 September 2011
Since the member of stock exchange is an agent who is termed as a dealer under VAT Act.

saurabh (Querist) 19 September 2011
are such liability can be avoided by contract between client and member of commodity exchange ?

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