RCM is applicable on a commission agent
This query is : Resolved
26 December 2019
Sir,
Please confirm RCM is applicable on a commission agent/Broker or Not, Like (Credit Card, Loan, Etc.) and confirm who is liable to pay GST,(Bank or Agent)
Please confirm RCM is applicable on a commission agent/Broker or Not, Like (Credit Card, Loan, Etc.) and confirm who is liable to pay GST,(Bank or Agent)
26 December 2019
RCM applicable for service recipient only but you are the service provider to bank/financial institution hence RCM not applicable for you.
26 December 2019
RCM is not applicable on commission agent . Tax is to be paid by the person who earn supply services and earn commission
Message likes :
1 times
26 December 2019
Anita Madam,
Please clear the followings -
1. Difference between Direct Selling Agent and Commission Agent.
2. As per previous discussion Link - https://taxguru.in/goods-and-service-tax/services-reverse-charge-mechanism-gst-01-10-2019.html (RCM is applicable on DSA) from 01.10.2019
Please clear the followings -
1. Difference between Direct Selling Agent and Commission Agent.
2. As per previous discussion Link - https://taxguru.in/goods-and-service-tax/services-reverse-charge-mechanism-gst-01-10-2019.html (RCM is applicable on DSA) from 01.10.2019
26 December 2019
DSA’s (direct selling Agents) are the one who connects an individual to the loan provider( Banks) , take care of the needed documentation for Loan Application forms, do fundamental check for application and ensure that the submitted documents are in accordance with the guidelines of the loan provider.
Message likes :
3 times
26 December 2019
Thank you very much for your valuable reply
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- TDS Challan Code
- Relief u/s Section 89
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
