Gst query
This query is : Resolved
27 August 2017
Dear Sir,
I am a Channel Partner of 2-3 Leading private Sector Bank for AUTO LOAN and PERSONAL LOAN.
Bank is paying us commission on our business volume @ certain percentage.
I want to ask what are the GST norms on Commission Income.
Regards
Ramesh Kumar
I am a Channel Partner of 2-3 Leading private Sector Bank for AUTO LOAN and PERSONAL LOAN.
Bank is paying us commission on our business volume @ certain percentage.
I want to ask what are the GST norms on Commission Income.
Regards
Ramesh Kumar
29 August 2017
The commission income shall be considered as the service rendered and thus the rate of tax would be 18%.
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