T-0.1 - Act respecting the Québec sales tax

Section 297.7.6 Disposition versions

1995-12-15

297.7.6. Subject to the second paragraph, where, at the time an approval granted under section 297.1.4 in respect of a distributor of a direct seller ceases to have effect, the distributor has in inventory an exclusive product of the direct seller, the distributor 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.

This section applies where an approval granted under section 297.1.3 in respect of the direct seller does not cease to have effect at that time.

1995, c. 63, s. 394.