If we pay brokrage to a party for his services rendered and who is registered in GST as regular dealer or composite dealer should we ask an invoice from them and should they charge GST on the services rendered
What happens if we pay brokerage to unregistered person, is their any liability to RCM in case of unregistered dealer
Thanks in advance
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GST ON BROKERAGE PAID
Replies (3)
if the brokerage paid to company they should charged gst and if it paid to individual it comes under RCM so receiver has to pay
No Rcm, on brokerage paid to unregisterd person!!
brokerage is taxable supply under gst.. even if it paid to unregistered person.. it is taxable as rcm
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