Foreign Commission Related

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stundent
42 Points Posted on 06 October 2020
Foreign commission received attracting GST or not
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On 06 October 2020 at 19:16 Report
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Quick Summary
This discussion explores whether foreign commissions received for facilitating the import/export of machinery attract Goods and Services Tax (GST) in India. The consensus leans towards it being taxable under the IGST Act, specifically as 'Intermediary Services' where the Place of Supply is deemed the supplier's location. This means CGST/SGST would be applicable, and the recipient may need to consider the Reverse Charge Mechanism.

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3924 Points Posted on 06 October 2020
What services you are providing outside India for that you are getting commission ?.
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On 06 October 2020 at 19:37
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stundent
42 Points Posted on 06 October 2020
Import machinery 0ne country to another country I have received only commission
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On 06 October 2020 at 19:52
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3924 Points Posted on 06 October 2020
Are you giving online services to both countries from India ?.
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On 06 October 2020 at 20:09
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stundent
42 Points Posted on 06 October 2020
No online services only tele communication
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On 06 October 2020 at 20:25
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Practising chartered accountant
371 Points Posted on 06 October 2020
Under rcm yoh have to pay tax and at same time take input of such payment....pls correct me if i am wrong
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On 06 October 2020 at 22:57
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GST Practitioner
55067 Points Posted on 06 October 2020
As per Section 2(13)Your service are covered under "Intermediary Services" & In term of Section 13(8)(b) of IGST Act POS is location of supplier.
Hence CGST/SGST is applicable .


Note : Above reply is on assumption that you are arranging or Faciliting the supply goods between 2 persons
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On 06 October 2020 at 23:39

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