Menu
Exempt or taxable
whether commission received for service rendered to govt for tax collection is taxable or exempt? if yes under which entry?
Replies (5)
It is taxable, Commission received is treated as indirect income.
Gst applicable or not?
GST will be applicable with rate of 18%, You can calculate GST on this transaction as reverse calculation.
Yes GST is applicable on Commission
Its supply of Taxable services cover under Section 7 of CGST , hence GST is applicable
Recent Threads
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
Related Threads
CAclubindia
