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GST FOR COMMISSION AGENT
If the taxpayer is commission agent and his income is only commission for the sale of goods, and such commission does not exceed 20lakhs, but the sale value exceeds 20lakhs, whether he is liable for registration if so what is amount to be shown in GSTR3b also what is the HSN/SAC for the same. Please give me a detailed solution for it.
Replies (3)
no his gross total income is less than 20 lakhs
As per section 24 CGST Act , for agent its mandatory to take registration irrespective of threshold limit of 20lac
Irrespective of turnover, commission agents are compulsorily liable for REGULAR-REGISTRATION under GST and they will also liable to pay GST @ 18% on total commission earned. They are also not to be entitled to take composition scheme under GST.
Adv Prashant Aligarh UP
+91 9760290825
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