15 July 2017
Dear Experts,
pls kindly cnfrm me what will be the gst impact on brokerage. If a broker getting brokerage and his turnover not crossing 20 lac than who will gonna pay gst liability....? What is the rate of gst on brokerage services....? If its in under RCM than where we can claim tax amount paid by service recipient....?
15 July 2017
Brokerage GST 18%. If Broker Registered then Broker will charge GST 18% and pay to Govt. If broker unregistered then Recipient of service from broker will pay GST and the Recipient will claim the input on RCM.
15 July 2017
thanx a lot sir
but there is some points raised in compulsory registration.
point is that:-
Persons who supply goods or services on behalf of other taxable persons whether as an agent or otherwise.
kindly give ur suggestion on that.
CAclubindia
