I am a commission agent based in Kerala. I bill a company in Mumbai, Maharashtra for my services. My annual turnover is less than 7 lakhs. I presently bill them on GST basis.
My question is do I require to bill them on GST basis as I fall below the 20 lakhs turnover mark. Should I surrender the GST registration and move to bill them without GST billing.
Regards
Amrish.
Menu
GST registration - Interstate billing.
Replies (3)
For Agent's GST registration is compulsory irrespective of the Turnover, if you are making taxable supply on behalf of principal , as per CGST act 2017 .
Sir I am a sub agent.
This is what my cousin whom I bill said
You are not making supply
You are not invoicing customer for value of goods
You are only getting commission or brokerage
This is what my cousin whom I bill said
You are not making supply
You are not invoicing customer for value of goods
You are only getting commission or brokerage
Dear Amrish
In term of Section 24 of CGST Act , the Agent is required to obtain registration mandatory irrespective of Turnover .
But as per your query & R/w Circular 57/31/2018 GST you do not cover under the definition of agent .
hence can surrender GSTN & can supply your service without GSTN till your aggregate turnover exceeds 20 lac as provided in section 22 of CGST Act
In term of Section 24 of CGST Act , the Agent is required to obtain registration mandatory irrespective of Turnover .
But as per your query & R/w Circular 57/31/2018 GST you do not cover under the definition of agent .
hence can surrender GSTN & can supply your service without GSTN till your aggregate turnover exceeds 20 lac as provided in section 22 of CGST Act
Recent Topic
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
Related Topics
CAclubindia
