Hello Sir,
We have a business of booking rice mill machinery, Manufactured by X Company, to rice millers in Andhra Pradesh for which the X company pays commission to me. After GST, can we continue as it is or is it necessary that we purchase from X company and sell it to rice millers.
Thank you.
Business Owner Seeks Clarity on GST Impact for Commission-Based Machinery Booking; Transitioning from Service Tax to CGST/SGST/IGST A business owner in Andhra Pradesh, who earns commission from booking rice mill machinery manufactured by X Company, inquired about the impact of the Goods and Services Tax (GST) on their business model. Several respondents clarified that the service aspect would continue under GST, transitioning from service tax to CGST/SGST/IGST based on the nature of supply. They emphasized the importance of analyzing current transactions and preparing necessary documentation for a smooth transition to the GST regime. It was advised to make representations to government bodies for further clarification and guidance. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
