CA MONIKA (CA Practice ) (35 Points)
17 July 2017
anuj rathi
(bcom)
(275 Points)
Replied 17 July 2017
asgar ali
(5 Points)
Replied 17 July 2017
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 17 July 2017
@ Asgar Ali
@ Puneet Gupta...
/forum/hsn-code-and-gst-rate-408602.asp
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 17 July 2017
| Originally posted by : CA MONIKA | ||
 |
A Yarn broker earns commission from party as well as company. Commission earned is less than 20lakhs. Parties dealing with yarn broker are insisting for his GST no. Is yarn broker required to obtain GST no. ? |  |
Dear CA. MONIKA.,
In my View Above Query.,
A is a Broker, B (seller) & C (receiver) is transact parties. A ll be dealing commision basis for the earnings. His T/O is less than 20lakhs he don't want register under GST.
In case B ll be preparing Invoices to A's name and A ll be invoicing to C's name then it ll be above 20lakhs T/O to A.
A want to be register under GST as Regular Dealer if his T/O above 20lakhs. Can't opt Composition.... Bcoz, He doing commision based business...
C is also under RCM if A is URD....
Am i right...?!
janak kumar singhal
(assistant)
(110 Points)
Replied 17 July 2017
Vijendran R
(SR AUDIT OFFICER (Retd))
(44 Points)
Replied 19 July 2017
If the Book Printing is done as Service, i.e., getting the raw materials from the Customer, GST @ 18% is applicable. However, if Printed Books are supplied without getting the raw materials, shall be treated as sale and covered by HSN 49.01 and rate of GST is based on the end product supplied to the Customer either at 5% for annual reports, leaflet etc., and NIL rate for simple printed books. However, this may be confirmed by the trade association which generally decides the finer details of HSN.
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