Menu
Commission income
if i am regiserd person & i resceive commisson under 1 lakh in one year then any liabilities cone for gst
Replies (3)
Yes, GST is to be charged on commission at rate of 18%. If a person registered under GST charges commission for transaction which is not his normal business then also GST is applicable.
GST registration applies to all commission and brokerage income irrespective of the turnover limits of the taxpayer.
What is the solutions if commission received but forget to raise the bill in f. y. 18-19 ? is not in commission business but had one income. paid income tax also but forgot to raise bill? any solutions? what could be the effect when audit happens? do the needful asap.
Recent Threads
- Returning the shares gifted by daughter?
- Gst tax rate
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
Related Threads
CAclubindia
