GST on Sub-brokerage income

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1244 Points Posted on 20 November 2021
I, a sub-broker receive brokerage income from my broker.
Am I liable for GST if the total brokerage received during the year is above 20 lakhs?

Thanks.
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On 20 November 2021 at 16:33 Report
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Quick Summary
This discussion clarifies whether sub-brokers are liable for GST on their brokerage income. If your total brokerage earnings exceed 20 lakhs in a year, GST will indeed be applicable to your income.

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ca
603 Points Posted on 20 November 2021
Yes GST would be applicable
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On 20 November 2021 at 17:46
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Chartered Accountant
24588 Points Posted on 21 November 2021
GST is applicable
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On 21 November 2021 at 05:46

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