TaxTMI 
TaxTMI 
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
Gst on Incentives from Publication
28 Nov 2018 
2 Replies 
1278 Views Asked by
GST on commission: incentives to news agencies treated as commission, subject to GST and allowing input tax credit.
Incentives paid by a publication to a news agency are treated as commission; the agency must recognise commission income and charge GST where its aggregate turnover exceeds the registration threshold. The publication pays commission inclusive of GST and may claim input tax credit as permitted by GST law. TDS on such commission payments is governed by the prevailing provisions and rates under the Income Tax Act. (AI Summary)
Incentives paid by a publication to a news agency are treated as commission; the agency must recognise commission income and charge GST where its aggregate turnover exceeds the registration threshold. The publication pays commission inclusive of GST and may claim input tax credit as permitted by GST law. TDS on such commission payments is governed by the prevailing provisions and rates under the Income Tax Act. (AI Summary)