Get 3 Yrs of CCI Pro Membership at Greater Value. Subscribe Now!

Is gst applicable on real estate brokerage

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2017 Hi, My query is whether I should have GST registration for Brokerage income around 3-4 Lacs p.a.
If not, how taxpayer will treat a transaction of brokerage payment. for residential or commercial rent/sale transaction.
If yes, how it shall be accounted by me and the payer.
If there is any other rules, let me know.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

12 July 2017 No need of GST registration for Brokerage income around 3-4 Lacs p.a. Brokerage will be added to the cost of property.

Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2017 But if the Brokerage Commission Payment is made by the listed corporate company, it will apply any GST deduction in amounts of brokerage (except TDS - income)!

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now