GST ON COMMISSION INCOME

[Deepak Gupta]

I AM REGISTERED PERSON UNDER 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 TO ISSUE INVOICE ?

IS I AM LIABLE TO PAY INTEREST/PENALTY ON THAT COMMISSION IN PRESENT GST RETURN ?

AI Summary

GST Applies to Commission Income; Invoice Issuance Mandatory; Interest and Penalties for Late Payment Confirmed A registered individual under GST with an annual turnover exceeding 20 lakh received commission income from the sale of goods for another registered person in March 2018. The individual inquired about the applicability of GST on this commission income, the necessity of issuing an invoice, and potential liabilities for interest or penalties in the current GST return. Responses confirmed that GST is applicable on commission income, issuing an invoice is mandatory, and interest and penalties are due for delayed payments and non-submission of returns. Multiple experts endorsed these views.