Bishwanath Bhagat (Audit Assistant) (21 Points)
04 August 2017Dear All,
My brother is paying the vehile/ Income tax by his own bank account online on behalf of other persons and earns a commission from each indiviual. He receives all the money by way of cash. He lives in Kolkata. I just like to know (1) does he needs to register for providing this kind of business/ service (2) Does he needs to resister under GST (3) what documents does he needs to keep from clients.
Thaks in Advance
Bhagat
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 04 August 2017
He should register his commission business under shops & establishment act.
If his aggregate turnover including commission income exceed 20 lakhs he should get registered under GST.
He should maintain books of accounts........ and avoid taking cash from his customers, and take by cheque or bank transfer.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
