GST on Commission
Amish Maknojia (Student) (507 Points)
29 March 2021one of client has received Poker commission as percentage of house commissions of 20.4lakhs in a year, is he liable to GST ? TDS is deducted on commission @ 3.75%
Amish Maknojia (Student) (507 Points)
29 March 2021
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4515 Points)
Replied 29 March 2021
Generally commissions would be liable under GST and any value above 20 lakh would be liable to GST.
There is an option under composition for supply of services upto 50 lakh.
Although, to provide specific consultation it is better to get complete understanding of activity.