COMMISSION PAYMENT, Goods and Services Tax - GST

[nandankumar roy]

WE ARE PAYING COMMISSION TO PARTY AS A SALES COMMISSION : PARTY IS NOT REGISTERED TO GST AS THEIR ALL TRANSACTION WITH IN TURNOVER LIMIT 20 LACS CITERIA

1ST PARTY INTRA STATE AND PAYING 7 LACS

2ND PARTY INTERSTATE AND PAYING 9 LACS

WHAT WILL BE IMPACT ON TRANSACTION IN GST REGIME AND WHETHER ANY LIABILITY ARISE IN FUTURE WITH US . PL HELP REGARDING THIS MATTER WHO HAVE CLEAR IDEA AND ADVANCE THANKS.

N K ROY

Posts / Replies

[Nandan Khambete]

No impact in GST till 30.9.2019 as RCM for 9(4) CGST is deferred till 30.09.2019.

[DR.MARIAPPAN GOVINDARAJAN]

If your threshold limit is increased then definitely it will have an impact.

[mohan sehgal]

What is the scene when the commission receiver has aggregate commission received for the full financial year is 8 lakhs and he is also doing retail business of Trading where his annual turnover is more than ₹ 20 Lakhs and he is registered under GST.

Whether he has to raise Bill for commission received ₹ 8 lakhs and charge 18 % GST.....as i understand the turnover shall be clubbed for both the services rendered and trading of goods;which are both in his legal name.

[mohan sehgal]

POLITE REMINDER TO RESPOND<<DEAR EXPERTS.

THANKS.

[DR.MARIAPPAN GOVINDARAJAN]

The turnover should be clubbed. Invoice is to be issued for commission claiming GST