https://www.taxtmi.com/forum/issue?id=114294 Commission earned for processing online credit card transactions is a taxable supply of services; where aggregate turnover exceeds the registration threshold the intermediary must obtain GST registration and charge GST on the commission, invoice either by adding GST or showing net commission plus GST, and declare the income for income tax purposes. The arrangement should be documented by a legal contract and appropriate professional advice sought to manage compliance and investigatory risks. en-us Fri, 02 Nov 2018 20:49:07 +0530 Thu, 23 Jan 2025 15:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114294 Commission earned for processing online credit card transactions is a taxable supply of services; where aggregate turnover exceeds the registration threshold the intermediary must obtain GST registration and charge GST on the commission, invoice either by adding GST or showing net commission plus GST, and declare the income for income tax purposes. The arrangement should be documented by a legal contract and appropriate professional advice sought to manage compliance and investigatory risks. Discussion-Forum Income Tax Fri, 02 Nov 2018 20:49:07 +0530 https://www.taxtmi.com/forum/issue?id=114294