12 July 2017
Hi, My query is whether I should have GST registration for Brokerage income around 3-4 Lacs p.a. If not, how taxpayer will treat a transaction of brokerage payment. for residential or commercial rent/sale transaction. If yes, how it shall be accounted by me and the payer. If there is any other rules, let me know.
12 July 2017
No need of GST registration for Brokerage income around 3-4 Lacs p.a. Brokerage will be added to the cost of property.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
12 July 2017
But if the Brokerage Commission Payment is made by the listed corporate company, it will apply any GST deduction in amounts of brokerage (except TDS - income)!