Vehicle finance agency

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This discussion concerns a vehicle finance agency that earned a commission of ₹4,90,000 in 2021-2022, prompting the need for GST registration. The key questions are about the process of filing GST returns and whether registration is mandatory before commission earnings exceed ₹20 lakhs. The user is seeking guidance on GST compliance for their friend's agency.

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(Querist)
09 May 2023 My friend has opened a vehicle finance agency and his work in the year 2021-2022 was 98,00,000 /-and his commission was 4,90,000 /- so now he needs to take GST. And if he needs to take GST then

1. How to file GST return

Any vedio
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 May 2023 No need to take GST registration till commission received is less than 20 lacs.
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Accounts

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Accounts (Querist)
09 May 2023 THANK YOU SIR
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