I am offering a technology platform and related services to my client.
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When my client’s customer (end user) makes a payment through my platform, the full amount is credited to my business bank account.
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I then deduct my service fee, which is a percentage of the total amount (commission), and transfer the balance to my client.
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My service fee is charged only when my client’s customer pays.
In this arrangement, I am collecting payment on behalf of my client, deducting my commission, and remitting the balance.
My questions are:
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Can I legally collect payments on behalf of my client in this manner?
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How is this arrangement viewed under GST law and other applicable regulations?