Section 2(5) of CGST Act: Meaning of “Agent”
As per Section 2(5) of the Central Goods and Services Tax (CGST) Act, 2017, unless the context otherwise requires, the term “agent” has been defined, as under:
Section 2(5) of CGST Act: Definition of “Agent” (CHAPTER I – PRELIMINARY)
“agent” means a person, including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other mercantile agent, by whatever name called, who carries on the business of supply or receipt of goods or services or both on behalf of another.
The Central Goods and Services Tax (CGST) Act, 2017 was notified by Govt. on 12 April, 2017 and CBIC has notified the commencement date for various Sections/ Provisions thereof from time to time. Subsequently, Govt. has notified the Central Goods and Services Tax (CGST) (Amendment) Act, 2018 on 30 Aug. 2018. However, commencement date of amended provisions of various Sections is to be separately notified by CBIC, except where specifically mentioned in the CGST Amendment Act, 2018 itself.