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Commissions from e load sales

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N.V. Siva Ram Prasad

Accounts & Audit Assistant

266 Points Posted on 11 January 2021

sir our dealer had received commission worth 1600000 and issued service invoices only upto 560000 . but the balance amount was related to commission payable by the dealer to sub dealers after his margin. when inquired with the company accounts department said that its dealer duty to pay commission to sub dealer and deduct tds from the dealer..

now my query is if our dealer have 560000 commission .. then why 1600000 was shown in 26as.. because our dealer have to answer for that balance amount sir..

pls show me a solution as his file is pending for filing..

Replies (4)

Quick Summary

This discussion addresses a discrepancy where a dealer received commission worth £1,600,000 but only issued service invoices up to £560,000. The remaining amount relates to commissions payable by the dealer to sub-dealers. The core issue is why the full £1,600,000 is reflected in the dealer's 26AS when only a portion has been invoiced. The conversation touches upon the dealer's responsibility for sub-dealer payments and TDS deductions, and whether this should be reflected in GSTR9.