I am a student doing part time business promoting services of a particular company say A i make 80-90k in commision a year but i usually spend 30-40k a year on advertisment as well.so my net income is something around 50-60k.The company A usually use to cut TDS only which i file IT return and get the amount back but now they are even cutting GST 18% with it (as i have not given them the gst nos.) & the Adv company is also cutting 18% on the amount that is spend on adv (before it was less ~12-14% service tax which i didn't care ).So my income has come down to peanuts.What should i do? I have a saving account only .Do i need to get a propertiship license & a current account to get a gst ? I am totally confused..I have read that any income below 2.5 Lac is free from tax & here i am paying 18%+18% on both side that i am not able to claim . Any help would be helpfull? Thank you.
Menu
Is gst required for commission agent?
Replies (2)
"Do i need to get a propertiship license & a current account to get a gst ?"
It is your parttime job.........
Turnover below 20 lakhs.........
No need of GST registration and even No GST be deducted under RCM........
Rahul,
There is no need of current account and any license to get GST Registration.
Company has no right to get GST. If u have any doubt u can can call me on by mobile no.
Recent Topic
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
- CA FINAL FR IndAS 33 Doubt(Corrected)
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
Related Topics
CAclubindia
