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Commission paid and received under rcm

Mahesh Shaha (303 Points)

07 November 2017

Dear Sir/Madam

Please inform me

1) Whether we received Commission, is it Chargeable to GST

2) Whether we paid commission , is it Chargeable to GST

We generally dealing with GST 18% & 28% tax slab

What is SAC code & GST rate for the same?

Is commission received is under RCM?

Is TAN no for propritoership firm is mandatory?

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RAJA P M ("Do the Right Thing...!!!") (128096 Points)
Replied 07 November 2017

Originally posted by : Mahesh Shaha
	Dear Sir/Madam Please inform me 1) Whether we received Commission, is it Chargeable to GST - If registered then YES 2) Whether we paid commission , is it Chargeable to GST - You ll be use the 22nd GST council decisions We generally dealing with GST 18% & 28% tax slab What is SAC code & GST rate for the same? - We need no.of Commission Business. So, Please specify nature of Income Is commission received is under RCM? - If recceived then its income and Isssue bills. Is TAN no for propritoership firm is mandatory? - If you are deduct TDS then Yes as PY is Tax Audit. If not no need. Also based on your T/O and Tax Audit...!!!

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Mahesh Shaha (303 Points)
Replied 07 November 2017

We have started business in August,2017. Turnover of the business is less than Rs.50 Lakhs.Hence there was no tax audit of last year.

We are dealing with Decorative laminate (GST 18%) & Plywood ( GST 28%). if we receive a order thru anybody, as a business, we have to pay the commission wiseversa for receiving the commission.