GST ON REFERRAL INCOME

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404 Points Posted on 24 April 2020
Is GST applicable if I as a company have done a favour to any other company and I am getting a share from other company in the form of referral income ?If yes , what percentage?
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On 24 April 2020 at 10:56 Report
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Quick Summary
This discussion clarifies whether Goods and Services Tax (GST) is applicable to referral income received by a company for facilitating services or sales for another business. It confirms that GST is indeed applicable, typically at an 18% rate, often falling under categories like commission or intermediary services, depending on the nature of the favour provided.

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GST Practitioner
55067 Points Posted on 24 April 2020
Yes GST is applicable .
(Rate as per the category of service being provided)
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On 24 April 2020 at 13:04
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404 Points Posted on 24 April 2020
I am gaining commission based upon a favour done to a company?..What is this category?
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On 24 April 2020 at 13:22
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GST Practitioner
55067 Points Posted on 24 April 2020
Shall be GST @ 18% under commission only.

(U R providing a service for which payment is received by way of shares)
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On 24 April 2020 at 14:31
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404 Points Posted on 24 April 2020
I have helped them in making sales happen and I am an It company
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On 24 April 2020 at 14:33
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GST Practitioner
55067 Points Posted on 24 April 2020
Yes , ...... it's 18% CGST/SGST (Intermediary Services)
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On 24 April 2020 at 20:47
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GST Practitioner
55067 Points Posted on 25 April 2020

DEAR HARSHIT

REFER SECTION 2(13) OF IGST ACT, R/W SECTION 13(8) OF IGST ACT

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On 25 April 2020 at 12:58

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