I am working in bank loan related services where I get commission from Bank & bank pay GST in RCM.
if I want to share 50% part of the commission to my sub vendor who is also GST registered person then should I pay GST on RCM basis on 50% commission ? or will it be tax free in hands of my sub vendor ?
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GST in case of RCM for sub vendor
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In most general cases, you do not pay GST under RCM for commission shared with a sub-vendor. Instead, your sub-vendor should charge you GST on their invoice, which you then pay to them and claim as Input Tax Credit. RCM only applies if the specific nature of the service they provide is legally notified under the reverse charge list.
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