Dear experts,
is he liable for Gst if he have PAN card and LIC agency?
or only for agency from private company ?
VOLUNTARY IF LIMIT DOESNT EXCCED
11 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 28 June 2018
Your query is not cleared Mr Ashish.,
If a person received income from LiC Agency / Lic Commission. Then Registration required if exceeding 20lakhs Turnover. Otherwise no need to Registration...
If a person received income from LiC Agency / Lic Commission. Then Registration required if exceeding 20lakhs Turnover. Otherwise no need to Registration...
Ashish Khillan
(Gaining knowledge)
(1039 Points)
Replied 28 June 2018
yes, he received commission from lic and Pan agency
1) i waslnt to ask as he is agent then, not compulsory to register for GST
2) or there is difference if agency is from government company or private?
1) i waslnt to ask as he is agent then, not compulsory to register for GST
2) or there is difference if agency is from government company or private?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 28 June 2018
No need for both of the view if he is doing his business as LiC Commission and PAN commission...
Ashish Khillan
(Gaining knowledge)
(1039 Points)
Replied 28 June 2018
ok Sir, got it
can u clear it, wht section 24 said of compulsory register, who is doing business on behalf of others?
can u clear it, wht section 24 said of compulsory register, who is doing business on behalf of others?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 28 June 2018
| Originally posted by : Ashish Khillan | ||
 |
ok Sir, got itcan u clear it, wht section 24 said of compulsory register, who is doing business on behalf of others? |  |
As per sec 24(vii)
(vii) persons who make taxable supply of goods or services or both on behalf of other taxable persons whether as an agent or otherwise;
It's based INTERMEDIARY ACTIVITY UNDER GST...
Ashish Khillan
(Gaining knowledge)
(1039 Points)
Replied 28 June 2018
can u differentiate it with example ?
based on my query and intermediary activity
based on my query and intermediary activity
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 28 June 2018
I think the following link's article will help based on the transaction
https://taxscoop.in/entries/gst/concept-of-intermediary-under-gst
https://taxscoop.in/entries/gst/concept-of-intermediary-under-gst
Ashish Khillan
(Gaining knowledge)
(1039 Points)
Replied 29 June 2018
he is receiving income under 194 (J, H and D) so section 24 not applicable?
and he have to file ITR 3 (NON ACCOUNT CASE) ?
and he have to file ITR 3 (NON ACCOUNT CASE) ?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 29 June 2018
| Originally posted by : Ashish Khillan | ||
|
he is receiving income under 194 (J, H and D) so section 24 not applicable? - Yes...
and
he have to file ITR 3 (NON ACCOUNT CASE) ? - I think D & H - is required BS and PandL |
|
Ashish Khillan
(Gaining knowledge)
(1039 Points)
Replied 29 June 2018
but he don't maintain books, then how ?
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