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Gst on commission and brokerage under gta
what should be the taxable turnover under gst for the brokers or intermediaries dealing in providing of vehicles facilities for transporter?
whether it is total amount received or commission involved in that amount only?
for example - amount received 100000 of which broker commission is only 5000. then what is the turnover of this transaction for broker and what is its tax liability under gst?
Replies (3)
Broker turnover is only commission
GST rate is 18 %
sir can u provide reference for comission is the turnover for broker
is there any type of exemption limit in the case of agent
when one person sell the services or goods to the person who is resident or having a office outside the state and the agent will charge the commission.
In that case the agent has a exemption limit of Rs.20lakh or not
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