Gst registration liability requirements

This discussion clarifies GST registration requirements for a client earning insurance commission (Rs 24 lakh) and mutual fund commission (Rs 60,000). While insurance commission falls under Reverse Charge Mechanism (RCM), mutual fund commission is a taxable supply. Therefore, the client is liable for GST registration under Section 22, as they are not exclusively supplying exempted services. The aggregate turnover definition excludes RCM inward supplies, so the insurance commission is not counted towards the threshold limit for registration.