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

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15 Points Posted on 28 February 2024
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.
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On 28 February 2024 at 23:32 Report
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83 Points Posted on 29 February 2024
GST registration is compulsory irrespective of Turnover for Commission Agents & Brokers & GST Rate Applicable is 18%.
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On 29 February 2024 at 06:38
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Chartered Accountant
86505 Points Posted on 29 February 2024
If you are registered under GST then you have to pay GST on commission income also.
814 Reply
On 29 February 2024 at 08:28
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Finance
4566 Points Posted on 29 February 2024

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

4 Reply
On 29 February 2024 at 10:26
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"Do the Right Thing...!!!"
128147 Points Posted on 29 February 2024
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...
463 Reply
On 29 February 2024 at 12:51


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