What is the gst rate on commission agent..??
I am a broker of truck.
My income is commission recd frm truck
Will I need to pay gst..??
My commission is 1000 frm 1 truck
Plz suggest
Regards
Gautam Singh
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Gst rate on commission agent
Replies (4)
Gst rate on commission is18%
Will I need to pay gst..??
As I don't raise invoice on truck owner.
Still I have to pay gst
As I don't raise invoice on truck owner.
Still I have to pay gst
What is the GST rate on a commission agent? I am a broker of trucks. My income is c… by Adinarayana Murthy Chitneedi https://www.quora.com/What-is-the-GST-rate-on-a-commission-agent-I-am-a-broker-of-trucks-My-income-is-commission-received-from-trucks-Will-I-need-to-pay-the-GST/answer/Adinarayana-Murthy-Chitneedi?share=1986cf85&srid=wYrV
Yes, you have to get registered under GST without any threshold limit advantage, means no matters your turnover is 10 lakh or less, if you are a commission agent you have to get registered under GST and your taxable rate will be 18% and you can also avail ITC for expenses made.
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