Gst on brokerage and comm
This query is : Resolved
Quick Summary
jaigurudev
(Querist)
16 May 2022
dear sir,
i purchase goods through broker and pay comm. and brokerage.please advice me i have to pay gst?also i receive some comm.please advice is gst payable on receipt?
with thanks
i purchase goods through broker and pay comm. and brokerage.please advice me i have to pay gst?also i receive some comm.please advice is gst payable on receipt?
with thanks
CA R SEETHARAMAN
(Expert)
17 May 2022
Yes, you have to pay GST on commission and brokarage.
GST payable on receipt.
GST payable on receipt.
jaigurudev
(Querist)
18 May 2022
sir, is their any exemption limit for comm. and brokerage
CA R SEETHARAMAN
(Expert)
18 May 2022
20 lacs if it's the only activity and not registered under GST.
jaigurudev
(Querist)
18 May 2022
thanks for quick responce
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