Is vat applicable for commission agent
This query is : Resolved
18 June 2016
Dear sir
am sales agent for Mumbai based company
company sends me articles as cst sales
am selling the same articles as same rate which was sold by company.
what is the tax liability for me am selling the same rate which was purchased by me.
for that company giving me commission.
sir pls help me
is vat applicable to me
if applicable what is sale rate is commission including purchase rate or only purchase rate??
pls help me.
18 June 2016
As you have mentioned that the goods are purchased and sold in your name, which clearly means you shall be liable to register under the VAT laws of your state and collect and pay applicable tax on the same.
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