GST on Commission Income (sec 194H, income tax act)

I(as a trader) have shown certain income from my parent company as commission received under Indirect Income in balance sheet/ PL a/c. GST will applicable or not? If so, please clarify with example.
Replies (4)
Quick Summary
This discussion clarifies whether Goods and Services Tax (GST) is applicable to commission income received by traders in India, particularly concerning Section 194H of the Income Tax Act. It confirms that if you are registered under GST, you are liable to charge and pay GST on commission income, typically at an 18% rate. The advice also touches upon TDS implications if your income exceeds ₹15,000.

GST registration is compulsory irrespective of Turnover for Commission Agents & Brokers & GST Rate Applicable is 18%.
If you are registered under GST then you have to pay GST on commission income also.

your subject to tds on your income if its above 15k @ 5%

Yes I agreed with Ms. CA Rashmi Gandhi,

@ Sourav Das,

GST Tax chargeable in that Commission Received if You are registered under GST.
Also You raise invoice...

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register