1.Our company is an advertising agency engaged in the activity of publishing ads in news papers. 2.publications are charging gst@5% of net taxable amount from us after agency commission . 3.In what way we have to bill to Client . 4.Weather we have to collect Gst @ 5% or 18% of Commission received to our agency or both at preset we re giving bills to client as for example as follows: Goss Bill amount 10000 Less Dis @10% 1000 Net amount 9000
Publication Gst 425 (10000*85/100*5/100)
Agency GST 270 (10000*15/100*18/100) on Commission received
13 August 2017
Whether invoice mentions about the full value of advertisement and commission payable to you is deducted therefrom or invoice is made by the Newspaper agency only for net cost of advertisement? N Jain group.blr@gmail.com
13 August 2017
thank you for your reply , Some News papers Specifically mentions as agency discount (i.e 15%)in their invoice and collect Gst @5% after discount amount .and sends the invoice to us
13 August 2017
It looks that the Newspaper is not paying any commission but charging a lower price for adv. from you and you are also billing on full value. In view of this GST @ 5% is applicable. N Jain gourp.blr@gmail.com
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