GST on Foreign Commission

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Hello, I have a sole proprietorship company in New Delhi and receive commission as agent of foreign company. Here is how it work: A foreign company, which does not have any entity in India, let s call it F, appoints me as an 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 p .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... lace 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 yes then will it be from 1 st of April 2017 or from 1 st of July 2017? If not then do I have to pay GST for commission received before 1 st of July 2017 or I can use the earlier .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 promotion 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 preview either ST or GST Ramesh Kothari - GST on Foreign Commission - Query Started By: - Sahil Sehgal Dated:- 4-7-2017 Goods and Services Tax - GST - Got 1 Reply .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X