GST on commission on reinsurance
Shaurya Sahrawat (85 Points)
26 September 2021whether GST is applicable on commission income on reinsurance ceded?
Shaurya Sahrawat (85 Points)
26 September 2021
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5952 Points)
Replied 26 September 2021
Yes, GST is to be charged on commission at rate of 18%. If a person registered under GST charges commission for transaction which is not his normal business then also GST is applicable.
Shaurya Sahrawat
(85 Points)
Replied 26 September 2021
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961