How to file Gst 3b fore stock mkt sub brokers
Company paying only brokerage amount and saying we need to pay the GST on our brokerage amount
sub broker need to bare 18% gst ?
please explain the return proses
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GST 3B Returns fore sub brokers
Replies (1)
Sub broker is person acts on behalf of broker as agent , So as per section 2(5) CGST act you fall under defination of Agent .
Securities are not cover under the defination of goods in GST so its out of purview of GST but services provided in relatiing to same is taxable in GST (Sec.2(102))
So you are liable to deposit GST on the payment reced in form of brokerage from company
Securities are not cover under the defination of goods in GST so its out of purview of GST but services provided in relatiing to same is taxable in GST (Sec.2(102))
So you are liable to deposit GST on the payment reced in form of brokerage from company
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