Gst on commission received from foregin company.
This query is : Resolved
HARENDRA SINGH
(Querist)
01 October 2018
Dear Sir/Madam,
Our firm has booking hotels via singapore registered Co for our clients. The company has raised invoice to us and we make payment through remittance (Third Party). We have received commission from them. They have trfd money in our A/c directly.
Can we liable for GST on commission. Also we liable income tax on the said commission.
Our firm has booking hotels via singapore registered Co for our clients. The company has raised invoice to us and we make payment through remittance (Third Party). We have received commission from them. They have trfd money in our A/c directly.
Can we liable for GST on commission. Also we liable income tax on the said commission.
Vishakha Kejriwal.
(Expert)
02 October 2018
Since you are facilitating accommodation you are an intermediary under the IGST Act. In case international hotel booking the place of suuply is the location of the agent or the intermediary hence GST (CGST/SGST) would be charged. Presuming you are a resident Indian you also would be charged income tax for commission earned.
HARENDRA SINGH
(Querist)
07 June 2019
Thanks for your reply. But my question is........... Commission received from Third Party which has located in abroad. So how we can pay IGST on commission?
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