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Is gst applicable on real estate brokerage

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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)
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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)!

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