20 July 2017
If I am working as a commission agent, I am buying service for our client & selling with margin, then I have to pay GST @ 18% of my margin or not. If I am getting commission after deduction of TDS @ 5% also from our Supplier for this, then should I liable to pay GST on commission also or not?
Thanks for reply. If I am purchasing service of Rs. 10,000 for our client and I am getting commission from our supplier of Rs.950 after TDS deduction of Rs.50 on it, I have to pay only 9000 for this service, If my supplier is not charging GST. Now I am selling this service from my client @ 12000 then should I charge GST @ 18% on total 12000 or I can charge only on Profit Margin @ 2000 How can I calculate GST on this both transaction (Purchase & Sell)?