TMI BlogCOMMISSION PAYMENTX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ADVANC ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... E THANKS. N K ROY - Reply By Nandan Khambete - The Reply = No impact in GST till 30.9.2019 as RCM for 9(4) CGST is deferred till 30.09.2019. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = If your threshold limit is increased then definitely it will have an impact. - Reply By mohan sehgal - The Reply = What is the scene when the commission receiver has aggregate commission received ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 nam ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e. - Reply By mohan sehgal - The Reply = POLITE REMINDER TO RESPOND DEAR EXPERTS. THANKS. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = The turnover should be clubbed. Invoice is to be issued for commission claiming GST - COMMISSION PAYMENT - Query Started By: - nandankumar roy Dated:- 5-11-2018 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , 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
|