Gst on Commission earned
Hi, if a person is registered under gst and doing normal business of sale and purchase of goods, and he received commission of 1 lakh rs then whether he needs to charge gst on that 1 lakh commission or not?
Replies (7)
Quick Summary
Yes. Gst to be charged @ 18%.
Yes GST will be applicable @ 18%
Thanks
Your welcome
Commission Receiver has to issue GST Invoice for charging Commission and GST will be Applicable
Business auxiliary service @ 18%
Commission earned from APMC (AGRICULTUR PRODuce Market Comm)
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
