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GST on Commission in real estate

uttam (Articles Assistant) (37 Points)

22 June 2017

whether GST registration will be required when I have total commission exceeding 20 lakhs?

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4 Replies

upasana gupta (Finance Professional) (3931 Points)
Replied 22 June 2017

Yes if you have turnover RS 20 lakhs the GST registration is compulosry for any service or goods provider.

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Vineet Aggarwal (Accounts Officer) (316 Points)
Replied 22 June 2017

Yes you have to charged 18% on Bill

and you can claim Full ITC ...

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uttam (Articles Assistant) (37 Points)
Replied 22 June 2017

Thanx for reply.but how can I take ITC..real estate company is paying commission to me on which TDS is applicable u/s 194H...I m not issuing any invoice... commission is directly credited to my bank account.

Vineet Aggarwal (Accounts Officer) (316 Points)
Replied 22 June 2017

if your turnover exceeds Rs. 20 Lakhs then u have to registered in GST Act and If you are providing Inter State Service means you are from Delhi and Selling Property in Ghaziabad or any other State then you have to registered under GST Act as it is complusory

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