RCM is applicable on a commission agent
This query is : Resolved
26 December 2019
Sir,
Please confirm RCM is applicable on a commission agent/Broker or Not, Like (Credit Card, Loan, Etc.) and confirm who is liable to pay GST,(Bank or Agent)
Please confirm RCM is applicable on a commission agent/Broker or Not, Like (Credit Card, Loan, Etc.) and confirm who is liable to pay GST,(Bank or Agent)
26 December 2019
RCM applicable for service recipient only but you are the service provider to bank/financial institution hence RCM not applicable for you.
26 December 2019
RCM is not applicable on commission agent . Tax is to be paid by the person who earn supply services and earn commission
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26 December 2019
Anita Madam,
Please clear the followings -
1. Difference between Direct Selling Agent and Commission Agent.
2. As per previous discussion Link - https://taxguru.in/goods-and-service-tax/services-reverse-charge-mechanism-gst-01-10-2019.html (RCM is applicable on DSA) from 01.10.2019
Please clear the followings -
1. Difference between Direct Selling Agent and Commission Agent.
2. As per previous discussion Link - https://taxguru.in/goods-and-service-tax/services-reverse-charge-mechanism-gst-01-10-2019.html (RCM is applicable on DSA) from 01.10.2019
26 December 2019
DSA’s (direct selling Agents) are the one who connects an individual to the loan provider( Banks) , take care of the needed documentation for Loan Application forms, do fundamental check for application and ensure that the submitted documents are in accordance with the guidelines of the loan provider.
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26 December 2019
Thank you very much for your valuable reply
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