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Gst on Foreman's Commission
A firm is in Chit fund business. What are the implications of GST on the commission charged by foreman if their commission is below 20 lacs?
Replies (6)
When a person becomes liable to pay tax on the reverse charge, certain provisions like threshold exemption, time of supply, availing of input credit changes. There is a threshold limit for turnover aggregating to Rs.20 Lakhs for registration for normal tax payers but under reverse charge, there is no such limit.
@ RatAnu So GST not liable?
RCM applicable
Who will pay RCM, no RCM on commission @ RatAnu
Who will pay RCM??... If RCM is not applicable then what is the threshold limit??
If both are unregistered there is no need of GST, as unregistered services are liable to RCM under 9(4)
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