Gst Registation For Commission Income


This query is : Resolved 

Quick Summary
This discussion clarifies the GST registration requirements for commission income in India. If your commission income, such as from facilitating loans for a finance bank, exceeds ₹20 lakhs in a financial year, GST registration is generally required. This applies even if the income is from selling used vehicles and includes brokerage income.

(Querist)
06 December 2022 Respested Sir / Madam
My Cleint Sale Used Four Wheeler , He Received Commission Income of rs. 21 Lakhs For P.y. 2021-22 By Sk Finance Bank For Providing Loan to the Customers , Now My question is
GST Registration is Required For Income above 20 Lakhs

06 December 2022 Yes, supply to SK finance is taxable supply, and GST registration is required.

Javed Memon (Querist)
06 December 2022 Sir, if Commission Income is 19 lakhs Rs. and Brokerage income 5 Lakhs Rs. For sell out of old Cars than gst Registration is Required ?

06 December 2022 yes gst registration is applicable


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