An agent who works on commission basis doesn't purchase goods from the principal company but only sends the commission working for invoices which comes under his commission.
The agent doesn't purchase nor does he makes any sales. Only works on commission basis.
The principal company sends the goods to the concerned party.
How to and where can i file the details of the same?
Can someone clarify the same?
Would help me a lot!
Thanks!
13 Replies
Pawan Agrawal
(116 Points)
Replied 23 December 2017
if commission does not exceed 20 lac no need to register in gst
Mohammed Goryawala
(727 Points)
Replied 23 December 2017
The agent is already registered due to pressure from corporate clients...
Now how do i go about filing the GSTR1 return and 3B?
Now how do i go about filing the GSTR1 return and 3B?
Pawan Agrawal
(116 Points)
Replied 23 December 2017
in outward supply coloum put commission and pay tax
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 23 December 2017
As per my view.,
The commission business registration is mandatory under GST irrespective of Turn Over...
He ll issue Invoices to Where ll get the Commission and File the GSTR 1 itself...
The commission business registration is mandatory under GST irrespective of Turn Over...
He ll issue Invoices to Where ll get the Commission and File the GSTR 1 itself...
Mohammed Goryawala
(727 Points)
Replied 23 December 2017
In which column under GSTR1?
Also will i make a bill for the principal party for commission? If so how do I show it?
Also will i make a bill for the principal party for commission? If so how do I show it?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 23 December 2017
The receiver is registered then show it in B2B section. If unregistered then show it B2C column...
Anmol Singla
(808 Points)
Replied 23 December 2017
I heard from some persons that it is mandatory for agent to register under GST if principal is registered under gst
Mohammed Goryawala
(727 Points)
Replied 23 December 2017
Mr Raja, he provides commission service but the principal directly sells the goods to the concerned parties.
So the agent doesn't have any sales or purchase per se, but only commission.
It's confusing me😐
So the agent doesn't have any sales or purchase per se, but only commission.
It's confusing me😐
Mohammed Goryawala
(727 Points)
Replied 23 December 2017
Mr Raja, he provides commission service but the principal directly sells the goods to the concerned parties.
So the agent doesn't have any sales or purchase per se, but only commission.
It's confusing me😐
So the agent doesn't have any sales or purchase per se, but only commission.
It's confusing me😐
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 23 December 2017
What confusion... Bro?
Mohammed Goryawala
(727 Points)
Replied 23 December 2017
If I am supposed to raise invoice for the principal party or not.
And if there's an option specifically mentioned in GSTR1 for commission.
And if there's an option specifically mentioned in GSTR1 for commission.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 23 December 2017
Commision is one of the service. Also you show the details as per service...
It's very simply the Agent ll give Commission related Invoice....
Mohammed Goryawala
(727 Points)
Replied 09 January 2018
So CGST and SGST will be levied @ 18% respectively, correct?
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