Gst Registation For Commission Income

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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.

Javed Memon

Javed Memon (Querist)
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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

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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06 December 2022 Yes, supply to SK finance is taxable supply, and GST registration is required.

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Javed Memon

Javed Memon (Querist)
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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 ?