I am a transport commission agent. I arrange vehicles from sub brokers or lorry owners attached to me and supply the vehicles to transporters (GTA).
The transporter pays me the freight agreed. I inturn make the payment to sub broker or lorry owner against a cut or commission.
Let's say I hired a vehicle for 25000/- from a sub broker / lorry owner and supply to a GTA for 27000/-. The transporter pays me and I pay the sub broker / Lorry owner.
So I earn 2000/- which is my commission income.My query is will the 27000/- amount be considered my turnover or not and whether he is liable to pay GST or not if he registered under GST
07 October 2017
Yes, you need to pay GST from first day. persons who make taxable supply of goods or services or both on behalf of other taxable persons whether as an agent or otherwise under section 24 of CGST, Act.