Gst on brokerage[dalali]

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If you earn income from brokerage services, you generally need to register for GST and pay it once your total brokerage earnings exceed 20 lakhs. You do not need to charge GST to individuals or businesses that do not have a GST number. The standard GST rate of 18% applies to taxable supplies made by agents, including services like property sales and advertising.

jaigurudev

jaigurudev (Querist)
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31 May 2021 dear sir, i am receiving income as brokerage.should i apply for gst no.and i have to pay gst ?also advice please is gst apply for payment of brokerage to person who has no. gst no.
with thanks

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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31 May 2021 GST registration required and pay GST only when total brokerage exceed 20 lacs.
No GST payable to person having no GST number
GST at 18% is applicable to all taxable value of supply provided by an agent, including the sale/purchase of advertising space/time. Following are some of the services provided for a fee/commission or on a contract basis: Sale of land/building.

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jaigurudev

jaigurudev (Querist)
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31 May 2021 thanksssssssssssssss

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