GST on RCM

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Accounts & Admin Executive
25 Points Posted on 03 September 2020
Agent receiving Commision from bank for sale of Moter Vehicle. Is Agent is Liable for GST Registeration?...Is RCM applicable?
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On 03 September 2020 at 20:15 Report
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Quick Summary
This discussion addresses whether an agent receiving commission from a bank for selling a motor vehicle is liable for GST registration. The consensus is that the agent is not liable, and the bank is responsible for Reverse Charge Mechanism (RCM). However, the bank is reportedly pressuring the agent to register for GST.

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9 Points Posted on 04 September 2020
No agent not liable in gst registration .. bank is liable to rcm
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On 04 September 2020 at 09:42
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Accounts & Admin Executive
25 Points Posted on 04 September 2020
Bank is forcing agent to register in GST ....
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On 04 September 2020 at 11:27

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