Dear Sir/Madam,
As GST is applicable on MFD's Commission above 20 Lakhs threshold limit, I had some query related to This.
Please Guide Me
1) Whether GST Registration has to be done immediately after crossing 20 Lakhs Threshold limit.
2) If opted for Composition scheme, Have to pay GST on MFDs commission only or on all other income also, such as Life Insurance & General Insurance Commission.
3) How to calculate GST Payable under Composition. Whether to pay Flat 6% on all income above 20 Lakh, (For first time registration), Or any other way to calculate?
4) When to pay GST monthly or Quarterly Return filling Monthly or Quarterly under Composition Scheme?
CAclubindia
