Regarding chit broker commission gst
sivaji baratam (2 Points)
08 March 2025
to avail input chit broker commission gst is avail or not for the f.y 21-22
1 Replies
Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8697 Points)
Replied 09 March 2025
1. *Business Purpose*: The commission must be incurred for business purposes.
2. *Tax Invoice*: A valid tax invoice is required to claim ITC.
1. *GST Rate*: The GST rate applicable to commission agents and brokers is generally 18%.¹
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