revese charge

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dear sir
with respectfully I like to say that I want to know that commission received from telnor company is taxable because company raised taxable invoice against commission 10000+gst1800. and company pay commission 11800.
My question is that I am liable to pay gst on commission .please give me reply soon
thanks
REGARDS
MUDIT GUPTA
Replies (12)

You are required to deposit the GST amount (Rs. 1800/-) received by you on commission of 10K.......... Your registration under GST is mandatory.

Sir,

Your query is not in detail in all respects, Can you just eloberate it ???

 

Thanks

sir
telnor give me commission 11800 ( 10000(commission)+1800(gst))and company give me tax invoice and paid to me 11800 as commission . My question is gst paid by me or company

Sir,

Let me clear one thing, You receiving commission or paying comission ??????

As per GST the person who receiving income has to raise tax invoice ??????

Can u just explain in detail about this business model ?????

 

Thanks

receiving commission

Sir,

If you are receiving 10,000 as commission and 1800 as GST on that from a company, As a service provider to such company, you should raise tax invoice to that company. you have to deposit this amount as per provisions of GST and file the monthly or quarterly returns as the case may be.

Note: Before issuing tax invoice, as a service provider you should be vary careful regarding taxability of the service. if the service is taxable then, immediately you have to apply for registration and issue the tax invoice as per relevent provisions of GST law.

 

Thanks 

but company raised tax invoice

Sir,

If commission is income to you, then you are the service provider and company is service receiver, so as a service provider you should have to raise the tax invoice. 

Let me know two things here

1) Whether you have GST registration ?

2) How the Invoice (received from company) is appearing, that is who is service receiver and service provider and whose GSTN no are mentioned in that,,, and what type of heading mentioned in preface of invoice ?

Thanks

yes I have gst no.

So, as a service provider to that company you sholud have to raise tax invoice in the name of company, and show the same as sales while filling GSTR 1 (quarterly or monthly as the case may be), and remit the tax collected from company to govt after setoff of ITC eligible as per provisions of GST law.]

 

Thanks

otf commission tax invoice

Sir,

I did n't get you, If you have still any doubt please free to contact

 

Thanks


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