Gst on Incentives from Publication

[kudaravalli srinivas]

Dear Sir

Please clarify regarding Incentives given by Publication ti news paper agency and what is the rate of GST to be chargeable and what is rate of TDS to be deduct

[KASTURI SETHI]

Pl.elaborate your query. I think you are getting commission. Pl.confirm

[DR.MARIAPPAN GOVINDARAJAN]

Sri Sethi's contention is correct. It is commission only. The news agency is to claim the commission and to charge GST if his turnover is exceeding the threshold limit. The publication is to pay commission with GST for which it can take input tax credit. The TDS is as per the prevalent rate in income tax act.

AI Summary

Clarification on GST and TDS for Newspaper Agency Incentives: Commissions Subject to GST, Input Credit Available. A query was raised regarding the Goods and Services Tax (GST) on incentives provided by a publication to a newspaper agency, specifically about the applicable GST and Tax Deducted at Source (TDS) rates. One respondent sought clarification on whether the incentives were commissions, while another confirmed they were commissions. It was explained that if the news agency's turnover exceeds the threshold, GST should be charged on the commission. The publication can claim input tax credit on this GST. The TDS should be deducted according to the current income tax rates.