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 :
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
- GST Reconciliation Tool (2A vs Books) - looking fo
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
Related Topics :
CAclubindia
