A Commission agent earned Rs. 21 Lakhs commission from Mutual Fund and 25 lakhs commission from LIC India for FY 2021-22 but due to unawareness not registered under GST.
Whether he need to take GSTIN and pay tax for FY 2021-22?
Whether GST applicable in LIC Income (LIC deduct 5% TDS only from commission)
1. Yes.
2. Yes, TDS deductible.
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
RMA And Associates LLP
New Delhi
CA Inter
View Details
KK & Company Chartered Accountant
Pune
CA Inter
View Details
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
