GST ON COMMISSION INCOME, Goods and Services Tax - GST

[Deepak Gupta]

I AM REGISTERED PERSON UNDER GST AND MY ANNUAL TURNOVER IS MORE THAN 20 LAKH.

IN MAR 2018 I HAVE RECEIVED COMMISSION ON SALE OF GOODS OF OTHER REGISTERED PERSON.

IS GST APPLICABLE ON COMMISSION INCOME ?

IS IT MANDATORY FOR ME TO ISSUE INVOICE ?

IS I AM LIABLE TO PAY INTEREST/PENALTY ON THAT COMMISSION IN PRESENT GST RETURN ?

Posts / Replies

[SHIVKUMAR SHARMA]

Yes,GST Is applicable on sales Commission Income.

Yes It is mandatory for you to issue invoice.

Yes, If you have to pay Interest & penalty for Delay Payment & Non submission of Returns.

[KASTURI SETHI]

Rightly advised by Sh.Shivkumar Sharma, an expert.

[Ganeshan Kalyani]

GST is applicable on the commission income. Interest is payable on late payment of GST and late fee is payable on delay filing of return.

[DR.MARIAPPAN GOVINDARAJAN]

I also endorse the views of Sri Sivakumar Sharma.

[YAGAY andSUN]

We endorse the views of our experts.