Commission income
Ashish Jain (33 Points)
22 January 2021
if i am regiserd person & i resceive commisson under 1 lakh in one year then any liabilities cone for gst
Ashish Jain (33 Points)
22 January 2021
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3549 Points)
Replied 22 January 2021
Yes, GST is to be charged on commission at rate of 18%. If a person registered under GST charges commission for transaction which is not his normal business then also GST is applicable.
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3549 Points)
Replied 22 January 2021
GST registration applies to all commission and brokerage income irrespective of the turnover limits of the taxpayer.
kashmira zinzuvadia
(4 Points)
Replied 12 March 2021
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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