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ONLINE PAYMENTS ON BEHALF OF OTHERS

31 March 2018

is it necessary to get GST registered for a person who takes payments from different parties and makes netbanking payment for advance tax , gst, esi & epf - on behalf of those parties

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4 Replies

Anirban Sinha (CA in service) (727 Points)
Replied 31 March 2018

Do the person charges any commission.......????

2 Like

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RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 31 March 2018

No more problems...
He can do it. But, Keep records for the transactions...
That's enough.

1 Like

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 31 March 2018

If charged any commission for that & it exceed 20 lac in year, is liable for registration

1 Like

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 31 March 2018

GST on Commission in India

Let’s first understand the major implications.

GST rate on commission income: GST is mandatory for all commission agents, whether their annual turnover is above the threshold or not.
GST registration is compulsory for every person who makes taxable supplies of goods and services on behalf of another taxable person.
GST on brokerage: The tax will be applicable on any income earned through commission or brokerage services.
TDS is also deductible on GST bill relating to a commission value of a supply.
The rate of GST on commission (agent) services is 18 per cent.
Input credit is available for the GST on commission paid on these services.
GST is not applicable to foreign commission agents.
An agent is a person who is paid a commission for making supplies of goods and/or services on behalf of someone else (Principal). This includes brokers, auctioneer, commission agents and all other types of agents.