In your case, both you (agent) and the principal shall be jointly and severally liable to pay tax on such transfers.
It can be decided with a mutual discussion with your principal. You can pay the tax or ask him to do the same. Just make sure the tax is paid alright.
But, BOTH the AGENT and the PRINCIPAL shall be jointly and severally liable to pay tax on the goods and services supplied and received by the AGENT.
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