GST on Commission

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Student
507 Points Posted on 29 March 2021
Hello
one of client has received Poker commission as percentage of house commissions of 20.4lakhs in a year, is he liable to GST ? TDS is deducted on commission @ 3.75%
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On 29 March 2021 at 13:21 Report
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Quick Summary
If you've received poker commission exceeding £20 lakhs in a year, you are generally liable to pay GST. While TDS is deducted, this doesn't exempt you from GST obligations. There's a composition scheme available for service providers with turnover up to £50 lakhs, but a full understanding of the activity is needed for specific advice.

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Partner - Audit & Assistance
4825 Points Posted on 29 March 2021

Generally commissions would be liable under GST and any value above 20 lakh would be liable to GST. 

There is an option under composition for supply of services upto 50 lakh. 

Although, to provide specific consultation it is better to get complete understanding of activity. 

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On 29 March 2021 at 15:18
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GST Practitioner
55067 Points Posted on 29 March 2021
Yes you are liable to pay GST.
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On 29 March 2021 at 20:35

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