Gstr1 by subbroker

 

AT THE TIME OF GSTR1 WHICH TABLE SHOULD THE SUBBROKER FILL b2c or b2b ?Please note that the sub broker is an agent pf the Main broker and the main broker collects the gst from the client along with the brokerage and  pass on 75% of the total brokeage to the subbroker alongwith proportionate GST, And the subbroker deposit the GST to the GOVT. The sub-broker is also registered in GST as he is an agent of the main broker. The main broker deposits 25% to the Govt, Is the main broker entitled to get Input tax credit. If yes , Why   If not Why?                                   

Replies (4)
Main broker is eligible for ITC of GST on brokerage amt. shifted/paid to sub-broker.
The main Broker is eligible for ITC
The sub broker is providing services to Main Broker for which he will raise the TAX INVOICE to him. & the Main broker can claim ITC on the same .
The sub broker is providing services to Main Broker for which he will raise the TAX INVOICE to him. & the Main broker can claim ITC on the same .

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details