T-0.1 - Act respecting the Québec sales tax

Section 297.7.8 Disposition versions

1995-12-15

297.7.8. Where at any time an approval granted under section 297.1.3 in respect of a direct seller ceases to have effect and section 297.7.7 does not apply, each independent sales contractor of the direct seller is deemed

(1)  to have received, immediately after that time, a supply of each exclusive product of the direct seller that the contractor has in inventory at that time for consideration, that becomes due and is paid immediately after that time, equal to the suggested retail price of the product at that time; and

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

1995, c. 63, s. 394.