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Composition have to pay GST on commission
sir competition dealer is receiving rant from another I have to pay GST
Replies (7)
Quick Summary
Composition dealer receiving what...rent or commission ?
On rent
Rent income is from residential property (House, flat) or commercial property (shop , factory ect) ??
If received for commercial property , than its taxable.
If received for commercial property , than its taxable.
If he received commission in real-estate
Income of Commission in real estate is also liable for GST, it's taxable.
How much % have to pay
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
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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