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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)
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...
@ Sourav Das,
GST Tax chargeable in that Commission Received if You are registered under GST.
Also You raise invoice...
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