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Gst query

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(Querist)
27 August 2017 Dear Sir,
I am a Channel Partner of 2-3 Leading private Sector Bank for AUTO LOAN and PERSONAL LOAN.
Bank is paying us commission on our business volume @ certain percentage.
I want to ask what are the GST norms on Commission Income.

Regards
Ramesh Kumar
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CA Amrita Chattopadhyay

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CA Amrita Chattopadhyay (Expert)
29 August 2017 The commission income shall be considered as the service rendered and thus the rate of tax would be 18%.

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