COMMISSION ON AGRO PRODUCTS
This query is : Resolved
TARIQUE RIZVI
(Querist)
29 June 2021
Basically I am a broker and commission agent for sale purchase of agro products. Whether income by way of commission and brokerage in such case will attract GST Liability/GST Refund. Further I would like to know the slab/limit of receipts of commission.
CA R SEETHARAMAN
(Expert)
29 June 2021
Commission on sale of agricultural produce is exempt from GST.
The services rendered by the registered person as commission agent in relation to sale on such good which does not qualify the term “agriculture produce”, same was taxable under the act. Likewise, Commission earned by a registered person on sale of Pulses, Rice etc (because Pulses & Rice are also not termed as agriculture produce under the GST) is also taxable in the hand of the registered person and liable to issue an invoice for Supply of Services with tax @ 18%.
Commission receipt exceeding 20 lacs require GST registration.
The services rendered by the registered person as commission agent in relation to sale on such good which does not qualify the term “agriculture produce”, same was taxable under the act. Likewise, Commission earned by a registered person on sale of Pulses, Rice etc (because Pulses & Rice are also not termed as agriculture produce under the GST) is also taxable in the hand of the registered person and liable to issue an invoice for Supply of Services with tax @ 18%.
Commission receipt exceeding 20 lacs require GST registration.
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