GST ON COMMISSION INCOME

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..... GST ON COMMISSION INCOME
Query (Issue) Started By: - Deepak Gupta Dated:- 31-7-2018 Last Reply Date:- 3-8-2018 Goods and Services Tax - GST
Got 5 Replies
GST
I AM REGISTERED PERSON UNDER .....

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..... 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 .....

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..... TO ISSUE INVOICE ? IS I AM LIABLE TO PAY INTEREST/PENALTY ON THAT COMMISSION IN PRESENT GST RETURN ? Reply By SHIVKUMAR SHARMA: The Reply: Yes,GST Is applicable on sales Commission Income. Yes It .....

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..... is mandatory for you to issue invoice. Yes, If you have to pay Interest & penalty for Delay Payment & Non submission of Returns. Reply By KASTURI SETHI: The Reply: Rightly advised by Sh.Shivkumar .....

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..... Sharma, an expert. Reply By Ganeshan Kalyani: The Reply: 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. Re .....

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..... ply By DR.MARIAPPAN GOVINDARAJAN: The Reply: I also endorse the views of Sri Sivakumar Sharma. Reply By YAGAY andSUN: The Reply: We endorse the views of our experts.
Discussion Forum - Knowledg .....

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..... e Sharing .....

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