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GST ON TWO WHEELER DEALINGS LIKE SUB AGENT

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Anuja Sawant

21 Points Posted on 22 December 2020

Accept booking from customer, take all documents from customer for registration & insurance. then buy vehicle from dealer and handed over it to customer.

Invoices received on customers name and not on us. Basically we don't have purchases. We act like agent but not on paper.

turnover of actual sales ( turnover) more than 40 lacs, but commission income is not more than 20 lacs in a year.

what are the provisions of gst applicability, penalty,etc

Thank you.

Replies (1)

hari sarda

student

56 Points Posted on 23 December 2020

GST Registration limit 20 lakh for normal category of states and 10 lakh for special category of states.

However, certain category of persons are required to compulsorily get registered under GST:

Persons making a sale on behalf of someone else whether as an Agent or Principal.

first, please clearly mention your business formula, then we can got the conclusion.

falling to such, normal gst payable + interest @ 18% is leviable and many more.

feel free to contact - harisarda01 @ gmail.com