GST turnover
Gunasekhar (Student CA IPC / IPCC) (51 Points)
21 September 2019
If Principal supply goods through agent then in whose turnover such value of turnover is included...?
3 Replies
Kapadia Pravin
(17259 Points)
Replied 21 September 2019
GST is mandatory for agent commissions irrespective of the threshold of the annual turnover i.e. threshold of Rs 20,00,000. The tax is applicable on any income earned as a brokerage or commission. On commission services, the applicable rate of GST is 18%
Gunasekhar
(Student CA IPC / IPCC)
(51 Points)
Replied 21 September 2019
Sir... I want such turnover included in whose turnover....? Either agent or principal
Kapadia Pravin
(17259 Points)
Replied 21 September 2019
Definitely Principal
But note that this forum is for income tax related queries. Please Post your query on GST forum. Regards
But note that this forum is for income tax related queries. Please Post your query on GST forum. Regards
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