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TMI BlogGST on Foreign CommissionX X X X Extracts X X X X X X X X Extracts X X X X ..... GST on Foreign Commission X X X X Extracts X X X X X X X X Extracts X X X X ..... agent. * I visit companies in India who are interested in the products of company F. * Let's say company A wants to buy product/services from company F. * Company A will place order directly with company F and company F will ship to company A. * Company F will send me commission to my bank account. Questions Part 1: * Will I come under the INR 20 lahks per year exemption slab? * If ye ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s then will it be from 1st of April 2017 or from 1st of July 2017? * If not then do I have to pay GST for commission received before 1st of July 2017 or I can use the earlier service tax exemption of INR 10 lakhs? Questions Part 2: * Let's say the company F send me US$100 (just a figure) for marketing, like participating in trade show etc * Out of this US$100 let say US$70 is spend for prom ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... otion of company F. So I am left with US$30. So do I have pay GST on US$100 (total amount received) or US$30 (which is left). The US$70 I have spend also includes the GST for Expo or business promotion and have the bill. Thank you, Best Regards, SH Reply By Ramesh Kothari: The Reply: in both case either pre/post era of GST when u are under thresh hold exempted limit u r not coming under this ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... preview either ST or GST
Ramesh Kothari X X X X Extracts X X X X X X X X Extracts X X X X
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