Hi,
Is GST applicable for Individual Broker engaged in auction of Property.
If yes what is the limit annual limit for broker.
2 Replies
Pankaj Rawat
(GST Practitioner)
(54687 Points)
Replied 27 March 2023
As per Section 22 the threshold limit for supply of services is 20 lac .
So if your brokeage income is exceeds the said limit you are required to take registration.
So if your brokeage income is exceeds the said limit you are required to take registration.
sabyasachi mukherjee
(18835 Points)
Replied 29 March 2023
The threshold limit for supply of services is 20 lacs.
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