IN BANKING JEWEL LOAN - APPRAISER FEE RELATED

[VEL MURUGAN]

SIR

IM WORKING AS A GOLD APPRAISER IN TAMILNADU STATE APEX CO-OPERATIVE BANK

MY WORK IS COMMISSION BASIS

BANK COLLECT APPRAISER CHARGES FROM CUSTOMERS.

THAT CHARGES( APPRAISER FEE) IS TAXABLE UNDER GST OR NOT

FOR THE LAST FEW YEARS THEY COLLECT GST.

THAT IS CORRECT OR NOT

ANOTHER ? ON MY SERVICE IS TAXABLE UNDER GST OR NOT

BANK COLLECT ₹ 100( INCLUDE GST) FROM CUSTOMER THEN MY SHARE 80% BANK SHARE 20%

BUT I RECEIVED ONLY 67% . THIS IS CORRECT OR NOT

PLEASE REPLY FOR MY PROBLEM

THANK YOU SIR

G VELMURUGAN

AI Summary

Gold Appraiser's Fees Subject to GST; Collect from Bank, Not Customers. Threshold Exemption of 20 Lakhs Available. A gold appraiser working on a commission basis at a cooperative bank in Tamil Nadu inquired about the applicability of GST on appraiser fees collected by the bank from customers. The appraiser questioned whether the GST collection was correct and why they received only 67% of the fee instead of 80%. A respondent clarified that the appraiser should collect GST from the bank, not the customer, and that the appraiser's service is taxable. The respondent also noted that the appraiser can avail of a threshold exemption of 20 lakhs and that the bank is acting as an intermediary.