Sir
I am commission agent in agriculture market In sangli (Maharashtra) .Working under law of agriculture market committee.
I sold jagrry and turmaric behalf of farmar.i give bill (invoice) to buyer .As per rula of government of maharashtra I charge commission to buyer.ThisCommission charge in bill.
In our Case buyer give payment to me and I give payment to farmar.
Naw what is the GST rate of this transition?
Can agriculture commission is under Gst?
GST Clarification: Jaggery Exempt, Turmeric 5% Rate, Commission 18% Rate for Agricultural Market Transactions A commission agent in the agricultural market in Maharashtra sought clarification on the Goods and Services Tax (GST) applicable to transactions involving jaggery and turmeric. The agent charges commission to buyers and inquires about the GST rate for these transactions. Responses highlighted that jaggery is exempt from GST, while processed turmeric attracts a 5% GST rate. The commission itself is subject to an 18% GST. Further queries were raised about the applicability of exemptions to goods and the computation of the threshold limit for agriculture commodities sold by commission agents. (AI Summary)
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