T-0.1 - Act respecting the Québec sales tax

Section 297.7.5 Disposition versions

1995-12-15

297.7.5. Where an approval granted under section 297.1.3 in respect of a direct seller becomes effective at any time after 31 July 1995 and a registrant who is an independent sales contractor of the direct seller, other than a distributor in respect of whom an approval granted under section 297.1.4 is in effect at that time or becomes effective immediately after that time, has at that time in inventory an exclusive product of the direct seller, the registrant is deemed, except for the purposes of sections 294, 295, 297, 462 and 462.1,

(1)  to have made, immediately before that time, a supply of the product for consideration, that becomes due and is paid immediately before that time, equal to the suggested retail price of the product at that time; and

(2)  to have collected, immediately before that time, tax in respect of the supply calculated on that consideration.

1995, c. 63, s. 394.