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Commission income
if i am regiserd person & i resceive commisson under 1 lakh in one year then any liabilities cone for gst
Replies (3)
Quick Summary
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.
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