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agent commission

dk jain (27 Points)

10 June 2017

I am a commission agent of textile & I am giving service to my supplier.What is the exemption limit of my commission amount in GST & if any exemption then what will be the rate of GST after exemption.

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7 Replies

Preeti (Team_GSTSoln) (Team GST Experts) (1926 Points)
Replied 10 June 2017

18% , exemption limit is 20l. but if u dnt get register even < 20l , then recipient of service have to pay on RCM basis

1 Like

dk jain (27 Points)
Replied 10 June 2017

RCM basis means?????

bhupendra kumar jain (PROPRIETOR) (25 Points)
Replied 11 June 2017

The query replied is very much related to me Your reply is correct.My further queries are as under- 1.I am registered in the state of Rajasthan under GST as service provider ( selling agent of Textile company situated in Punjab) 2.we facilitate Punjab company to procure orders from customers in Rajasthan and other states, too.The Punjab co. supplies the goods to the customers as advised and we are responsible for timely payment from customers . 3.The Punjab co pays Selling commission on yearly basis.For 2017-18 our accrued commission is is say Rs.15 lacs. 4.How to raise our bill for selling commission ? GST amount Should I raise the invoice of 15 lacs inclusive of GST or for 15 lacs + 18% GST and pay the GST amount on schedule time? 5.Pl.confirm whether my Punjab company can take input credit for GST amount paid by me? 6.As I am registered in Rajasthan and provides my services to the mills situated in Punjab, Rajasthan,Gujarat,M.p. and other states.Is it ok if I am registered in Rajasthan only for complying GST and avail full benefits . 7.Apart from providing services as selling agent ,We are traders/ Dealers in textile products. Pl advise whether we should take only one GST Registration in Rajasthan.?

Preeti (Team_GSTSoln) (Team GST Experts) (1926 Points)
Replied 11 June 2017

bupender, one gst reg in rajasthan is sufficient to provide services all over india.second if u r register u cant charge for ur service inclusive of gst. issue tax invoice to punjab co. , charge igst, and they will get the credit, further update ur gst rc with with all the activities u do, service/trading watever

once u provide service generate the bill at the year end before 31.03.

bhupendra kumar jain (PROPRIETOR) (25 Points)
Replied 11 June 2017

Thanks a lot Ms Preeti for guiding me on the subject.

sandeepPODDAR (CS) (27 Points)
Replied 25 August 2017

how the return would file for taxtile agent and which amount is mentioned in the rerturn if . I purchase from Haryana and sale the goods in jahrkhand, As in VAt provision we include all the amount of sold goods in vat return in monthly as well as in Quarterly.

Suryaprakash (Student) (24 Points)
Replied 11 March 2018

arent textile agents covered within the definition of agents and intermediaries under section 24 of CGST act. and if they are covered, shouldnt they compulsorily have a gst registration.