Commission under gst

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Accounts consultant
34 Points Posted on 29 May 2018

Dear sir,

I have a sole proprietorship business with GST and I have earned income from advertisement services and commission.  I receive the commission from clients with the deduction of  TDS @ 5%. We have received the  GST invoice from the supplier (Service provider) and provide GST invoice to the client (Third party) with including the amount of commission. Is it possible or not?

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On 29 May 2018 at 11:57 Report
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230 Points Posted on 29 May 2018
you are acting as an agent since you are facilating in the supply of service and as per section 24(viii) , mandatory registeration is required for agent and thus the transaction is liable to GST as per section 9 of CGST
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On 29 May 2018 at 12:06
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Chartered Accountant
2301 Points Posted on 29 May 2018
There is nothing wrong in these transactions. it is a normal business transaction circle. You can claim ITC on inward service ( on the basis of invoice issued by supplier).
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On 29 May 2018 at 12:10
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11239 Points Posted on 29 May 2018
Yes you can claim those ITC if the bill received in B2B.
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On 29 May 2018 at 14:14
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Accounts consultant
34 Points Posted on 31 May 2018

Thank you sir

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On 31 May 2018 at 11:18

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