26 December 2017
One of my client has a business of Online Money Transfers and Utilities Bill Payments. His expected Business is Rs 1 Crore and the Commission charged from customers is Rs 30,000 (0.30% of Turnover amount). Accordingly, Annually Rs 10-12 Cr business transactions and thus annual commission will be Rs 4 Lacs Only. Please guide whether he is required to take any GST Registration and if yes, then under what GST Rates or Clause.
Please help and guide.
Guest
Guest
(Expert)
29 December 2017
If commission income exceeds Rs 20 lakhs then he is liable to obtain registration.The rate of tax applicable will be 18%.
CAclubindia
