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TMI BlogGST - COMMISSION INCOMEX X X X Extracts X X X X X X X X Extracts X X X X ..... Registered Under GST.. and regularly filed return etc.. now received commission from unregistered person from selling their goods directly.. having only commission note.. now what is treatment under GST.. Whether any GST liability arise or not..or.. any other else..?? - Reply By KASTURI SETHI - The Reply = GST is payable if you have crossed threshold exemption limit of ₹ 20 lakhs/10 lakhs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . - Reply By Alkesh Jani - The Reply = Sir, my point of view is that as you are registered with GST and filing the return than you are liable for payment of tax under GST. However, all categories of registered persons are exempted from the provisions of reverse charge under 9(4) of CGST / SGST (UTGST) Act, 2017 / section 5(4) of IGST Act, 2017 , till 31.03.2018. This exemption is avai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lable only till 31.03.2018, vide notification no.38/2017-Central Tax (Rate) dated 13.10.2017, - Reply By MARIAPPAN GOVINDARAJAN - The Reply = I endorse the views on Shri Jain. The GST Council in its 26th meeting decided to extend the exemption from RCM payment till 30.06.2018. The notification in this regard is yet to be published. - Reply By Ganeshan Kalyani - The Reply = notification e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ffecting 3 months extension is not yet published . - Reply By KASTURI SETHI - The Reply = Dear Querist, You have sold the goods (belonging to unregistered person) to some other persons(Third party/parties) directly (i.e. without bringing the same into your premises and without accounting for in your account) and got commission from unregistered person. You supplied the goods ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... directly to third party/parties. Is it correct ? Will you please elaborate your query further ? - Reply By Ganeshan Kalyani - The Reply = dear khatri sir, do you mean to say that you are a clearing and forwarding agent. your principal supplylies goods and you are supplying it under the instruction of your principal and you get commission for that. is this arrangement correc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t ? - Reply By NAREN KHATRI - The Reply = Yes Kasturi Sir ji.. The goods direct delivery to party.. we just received only commission note towards mutual discussion with party's.. as under GST every registered should consider their income in GST.. how ever in this case we should do nothing (not sale nor purchase) but only received commission note.. - Reply By KASTURI SETHI - The Reply = I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f it is so, it is taxable. I stick to my reply already cited above. Section 9(4) is not applicable here. Commission is not Exempted. It is your consideration and GST is leviable. Under Section 9(4), deferred till 30.6.18, registered receiver receives the goods from unregistered dealer supplier and pays tax . You recieved only commission.You did not receive/purchase the goods from unregistered ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dealer. How Section 9(4) is applicable to you ? Had you purchased the goods from unregistered person and accounted for the whole amount of purchased goods in your books of accounts, then Section 9(4) would have been applicable to you. You have not purchased the goods. It is a fact. You have played the role of a commission agent. Hence taxable. - GST - COMMISSION INCOME - Query Started By: - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... NAREN KHATRI Dated:- 21-3-2018 Goods and Services Tax - GST - Got 8 Replies - 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 X X X X Extracts X X X X
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