we purchases product of is 100/- and we sale such product of Rs 100/- (same on purchases price), No profit we taken on any sales. and we claim ITC on purchases, so we not pay GST. But my seller provide me 10% commission on purchases cost as incentive. and deduct TDS on such commission.
my question is on such commission GST levy or not.
my nature of business is Trading only as per GST Registration.
19 January 2018
Yes, GST payable. For expert knowledge, refer following links https://www.amazon.in/dp/194832105X https://www.infibeam.com/Books/indirect-tax-laws-part-i-goods-services-tax-s-k-mishra/9781642490305.html
Querist :
Anonymous
Querist :
Anonymous
(Querist)
19 January 2018
but our nature of business only sales and purchases. we received commission as a name of incentive and tds already deduct by seller.
CAclubindia
