Buying agency receiving commission in foreign exchange
This query is : Resolved
06 October 2017
If a buying is agency located in India is receiving commission in foreign exchange from a foreign company located outside india for services provided in india relating to their purchase from Indian companies like identifying Indian vendorss, handling all communication with these Indian exporters and finally making all arrangements for the export of those goods. Will such a buying agency be liable to register under GST and pay GST EVEN IF SUCH RECIEPTS ARE ONLY AROUND 5 LAKHS IN A FINANCIAL YEAR ?
07 October 2017
No need of GST registration as the value of service provided in a year is less than 20 lacs.
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