15 June 2017
Currently those doing commission business on sale of goods below Rs.10.00 lakhs per annum are exempt from Service Tax and not taxed under State VAT or CST laws. With GST is the exemption decided of Rs.20.00 lakhs applicable on this business? If turnover is less than Rs.10 lakhs in the state where assessee is located ut a fraction of the turnover (approx 2 lakhs) is commission received from a company located outside the state, does registration and payment of GST still have to be done due to Interstate supply of commission service as intermediary for sale of goods?
Wat vl b the tax treatment of commssion agent under gst.....RCM applicable?...
thanx in advance
16 June 2017
Registration and payment of GST still have to be done due to Interstate supply of commission service as intermediary for sale of goods. Commission agents has to register under GST and pay GST and claim ITC.
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