gst on agent of credit cooperative society

[Guest]

if pathpedhi (Credit Co operative Society) paid commission to their agent. in this case can credit cooperative society paid agent gst on RCM basis on commission amount . or agent have to take gst registration.

Agent means who collect money from client and deposit it into client account in credit co operative society. for this service society paid commission to their agent. can society paid gst on Rcm basis on commssion. or agent req to take compulsory gst registration..

commission agent commission will not more then ₹ 1 lakh during the year.

[Himansu Sekhar]

Agent will pay gst

[KASTURI SETHI]

Agent is entitled to exemption limit of ₹ 20 lakhs (Amount of commission), if no inter-State supply is involved.

AI Summary

GST liability on commission: the agent supplying collection services is liable and must register if turnover or inter state supply triggers registration. The agent who collects and deposits funds is the supplier of commission services and is liable to pay GST; the cooperative society cannot ordinarily pay GST on a reverse charge basis for such commission. Registration is required only if the agent's taxable turnover exceeds the statutory threshold or if inter state supplies are made; absent inter state supply the agent may rely on the applicable exemption threshold for registration.