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GST registration

Saurabh Khandelwal (Student CA Final ) (32 Points)

27 June 2017

for a agent who is working on commission basis ? necessary to get Registered ?

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SIVAKAMINATHAN (AUDITOR) (31 Points)
Replied 27 June 2017

As per GST law whether that agent's commission turnover is not above 20.00lacs no need to register. Because, exemption threshold limit for gst is Rs.20.00 lacs whether it may sale or services and trader or manufacturer.

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Saurabh Khandelwal (Student CA Final ) (32 Points)
Replied 27 June 2017

20 lakhs is for agents ? yes

Saurabh Khandelwal (Student CA Final ) (32 Points)
Replied 27 June 2017

what is turnover here ? is it commission or gross receipts ?

SIVAKAMINATHAN (AUDITOR) (31 Points)
Replied 06 July 2017

Your total commission(i.e. total of all your service bills) earned relating to the financial year. Gross receipts means deduction of expenses relating to that. So, no on gross receipts.