Composition have to pay GST on commission

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11 Points Posted on 28 July 2020
sir competition dealer is receiving rant from another I have to pay GST
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On 28 July 2020 at 17:45 Report
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This discussion clarifies whether composition dealers need to pay GST on commission. It confirms that commission income, particularly from real estate, is taxable. However, composition dealers must adhere to specific rules: commission income cannot exceed 10% of their turnover or £5 lakh annually, whichever is higher. Exceeding this limit requires opting for the regular tax scheme.

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Tax and Business Consultant
11616 Points Posted on 28 July 2020
Composition dealer receiving what...rent or commission ?
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On 28 July 2020 at 20:15
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11 Points Posted on 28 July 2020
On rent
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On 28 July 2020 at 21:24
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Tax and Business Consultant
11616 Points Posted on 28 July 2020
Rent income is from residential property (House, flat) or commercial property (shop , factory ect) ??
If received for commercial property , than its taxable.
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On 28 July 2020 at 21:49
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11 Points Posted on 28 July 2020
If he received commission in real-estate
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On 28 July 2020 at 22:45
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Tax and Business Consultant
11616 Points Posted on 28 July 2020
Income of Commission in real estate is also liable for GST, it's taxable.
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On 28 July 2020 at 22:59
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11 Points Posted on 28 July 2020
How much % have to pay
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On 28 July 2020 at 23:13
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GST Practitioner
55067 Points Posted on 28 July 2020
You are required to pay 1% But..... kindly make sure that as per Section 10 of CGST , the Composition dealer can make supply of Services upto 10% of Turnover or 5lac in year whichever is higher.
So if your commission income is beyond 5 Lac then you cannot continue with it, need to opt for reqular scheme
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On 28 July 2020 at 23:39

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