My friend runs a DSA business for various banks and earns a good commission. However, he has office expenses to manage. The banks pay his commission after deducting 18% GST and 5% TDS. Can he get a refund of the deducted GST, and what is the process for this? The significant deductions are causing a shortage of funds for his other office expenses.
Menu
How Much GST can return deducted by Bank on DSA Commission
Replies (1)
As such no, unless he can claim GST paid (ITC) over his expenses.
Recent Topic
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
- Tds on deceased's pan
- Exempt income declaration schedule EI in ITR2 (AY2
- Mold cost invoice in GST return
- WhatsApp document sharing: Client sends Aadhaar, P
- GST Registration Cancelled for Non-Filing Returns
Related Topics
CAclubindia
