Commission income

477 views 2 replies

arpit

Manager

247 Points Joined April 2012

My clients have received agency commission from mutual funds companies and LIC. Total commission is less than 20 lacs in toto. Di i have to register under GST for the same. please someone help

Replies (2)

upasana gupta

Finance Professional

3931 Points Joined May 2015

No, as your turnover is below 20 lakhs then you are not required to register under GST.As assesse having turnover above 20 lakhs are required to register under GST.

arpit

Manager

247 Points Joined April 2012

i am in Rajasthan, some of the mutual fund co's paying commissoin are in mumbai, than what will be the scanario....does that not amount to inter state supply of service...please confirm