Vehicle finance agency


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Quick Summary
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.

(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

09 May 2023 No need to take GST registration till commission received is less than 20 lacs.

Accounts (Querist)
09 May 2023 THANK YOU SIR


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