Abhijit Ghosh (.) (618 Points)
26 January 2023A Commission agent earned Rs. 21 Lakhs commission from Mutual Fund and 25 lakhs commission from LIC India for FY 2021-22 but due to unawareness not registered under GST.
Whether he need to take GSTIN and pay tax for FY 2021-22?
Whether GST applicable in LIC Income (LIC deduct 5% TDS only from commission)
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 26 January 2023
1. Yes.
2. Yes, TDS deductible.
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