Mr. A is providing recruitment agency service XYZ Pvt Ltd. every month Mr. A will rise invoice to XYZ Pvt Ltd by charging GST.
PQR pvt Ltd will collect the amount from XYZ pvt on behalf of Mr. A, by charging commission to Mr. A
let me know the what are the compliance PQR pvt Ltd should follow.
1. GST is required to charge on amount received from PQR Ltd.
2. TDS amount need to be deducted on collection amount return to Mr. A
Menu
Collection agent impact
Replies (3)
Quick Summary
Dear Sir,
1) to charge gst, you need to clarify the point of taxation rules first. Your first query is unclear as gst is chargeable on the point when service is given.
2) yes tds amount needs to be deducted
For more information, kindly drop email to capravin87 @ gmail.com
Is this legally transaction
Dear Sir,
Yes it is legal transaction provided everything is recorded by proper invoicing and all relevant returns are filed in time.
For more information, kindly drop email to capravin87 @ gmail.com
Recent Topics :
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
Related Topics :
CAclubindia
