Exempt or taxable

27 September 2019

whether commission received for service rendered to govt for tax collection is taxable or exempt? if yes under which entry?

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5 Replies

Kumar Sushank (General Manager - Finance) (1040 Points)
Replied 27 September 2019

It is taxable, Commission received is treated as indirect income.

2 Like

Urusha laliwala (24 Points)
Replied 27 September 2019

Gst applicable or not?

1 Like

Kumar Sushank (General Manager - Finance) (1040 Points)
Replied 27 September 2019

GST will be applicable with rate of 18%, You can calculate GST on this transaction as reverse calculation.

1 Like

Shivam RC (Student) (23683 Points)
Replied 27 September 2019

Yes GST is applicable on Commission

2 Like

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 28 September 2019

Its supply of Taxable services cover under Section 7 of CGST , hence GST is applicable

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