Regarding money transfer

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Accountant
143 Points Posted on 07 November 2021
sir

my client doing money transfer and other textile business but he show only textile business in gst and how much tax rate for money transfer
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On 07 November 2021 at 05:42 Report
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Quick Summary
This discussion clarifies the Goods and Services Tax (GST) applicable to money transfer businesses. The consensus is that GST is levied at a rate of 18% on the commission earned from money transfer services. The original poster's client, who also runs a textile business, was inquiring about the tax implications and GST registration for the money transfer aspect of their operations.

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Chartered Accountant
24588 Points Posted on 07 November 2021
Which type of money transfer??
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On 07 November 2021 at 05:53
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ca
603 Points Posted on 07 November 2021
GST rate at rate of 18% on the commission amount charged for Money Transfer.
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On 07 November 2021 at 17:02
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Chartered Accountant
24588 Points Posted on 07 November 2021
Thanks for the information
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On 07 November 2021 at 17:02

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