GST REGISTRATION
This query is : Resolved
Krishna Joshi
(Querist)
22 February 2020
AN INDIVIDUAL IS DOING TRADING OF LAND. HE PURCHASED LAND AND THEN SELL IT. BUT NOW HE ALSO PERFORM A ROLE OF A MIDDLE- MAN OR AGENT AND FOR THIS HE RECEIVED COMMISSION FROM SELLER.
SO IS HE LIABLE TO REGISTERED UNDER GST. HIS TOTAL TURNOVER IS (SALE OF LAND + COMMISSION) RS: 1 CRORE.
PLEASE SUGGEST ME
SO IS HE LIABLE TO REGISTERED UNDER GST. HIS TOTAL TURNOVER IS (SALE OF LAND + COMMISSION) RS: 1 CRORE.
PLEASE SUGGEST ME
CA Anita Bhadra
(Expert)
22 February 2020
Yes, he is liable to register, even if his commission income as an agent is less than Rs 20 lakhs
A Commission Agent is required to obtain Compulsory Registration u/s 24(vii) of CGST Act, irrespective of its turnover.
A Commission Agent is required to obtain Compulsory Registration u/s 24(vii) of CGST Act, irrespective of its turnover.
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