Gst on commission income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 July 2017
Dear Sir,
we are commission agent in M.P. working f.or Principals from Tamilandu, Gujrat and Maharastra and our turnover is less then Rs. 20 Lac p.a... our queries are :-
1. Is GST Registration necessary for us.
2. We have raised our commission bill quarterly to our principals then what will be the procedure of Invoicing if we get
GST registration necessarily.
3. TDS deduction on GST bill.
4. Can we file our return over-self.
4. please describe any other points to be implement if GST is necessary for business like this.
we are commission agent in M.P. working f.or Principals from Tamilandu, Gujrat and Maharastra and our turnover is less then Rs. 20 Lac p.a... our queries are :-
1. Is GST Registration necessary for us.
2. We have raised our commission bill quarterly to our principals then what will be the procedure of Invoicing if we get
GST registration necessarily.
3. TDS deduction on GST bill.
4. Can we file our return over-self.
4. please describe any other points to be implement if GST is necessary for business like this.
08 July 2017
1. Yes, Your case is mandatory registeration under GST
2. Yes you can raise bill at any time. But, If you get any advances at the time you ll pay Tax on Advances
3. Yes TDS ll be deductible on GST bill on Assesable Value
4. Oh yes you can file yourself
5. You ll raise your bill to inter state then tax is IGST & if local bill tax is CGST + SGST... Your all expenses ll be taxable except employer and employee relationship expenses
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 July 2017
Thanks a lot sir...
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