gst on income if comn recd on trading of gst exempt good
This query is : Resolved
kalpesh saraf
(Querist)
19 October 2019
respected sir,
my query is : i am gst registered...
(1)is gst is applicable on commission income recd on behalf of gst exempt goods(agricultural goods)...
(2) also i have recd commission income from a party in march...by mistake gst was not recd by the party as i am gst registered...now what i have to do... am i supposed to deposit gst on that income...the counter party is not responding to my query...
my query is : i am gst registered...
(1)is gst is applicable on commission income recd on behalf of gst exempt goods(agricultural goods)...
(2) also i have recd commission income from a party in march...by mistake gst was not recd by the party as i am gst registered...now what i have to do... am i supposed to deposit gst on that income...the counter party is not responding to my query...
19 October 2019
1. Yes... Gst applicable for commission income.
2. You must pay GST for the commission. You will collect the tax from that person.
29 October 2026
If the commission is for sale or purchase of agricultural produce through an APMC/mandi, it is exempt under entry 54(g) of Notf 12/2017-CTR; only commission on other goods attracts 18%.
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