TaxTMI 
TaxTMI 
GST on Foreign Commission
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....ST on Foreign Commission<br> Query (Issue) Started By: - Sahil Sehgal Dated:- 4-7-2017 Last Reply Date:- 16-7-2017 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>Hello, I have a sole proprietorship company in New Delhi and receive commission as agent of foreign company. Here is how it work: * A foreign company, which does not have any entity in India, let's call it F, appoints me as an a....
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....gent. * I visit companies in India who are interested in the products of company F. * Let's say company A wants to buy product/services from company F. * Company A will place order directly with company F and company F will ship to company A. * Company F will send me commission to my bank account. Questions Part 1: * Will I come under the INR 20 lahks per year exemption slab? * If yes....
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.... then will it be from 1st of April 2017 or from 1st of July 2017? * If not then do I have to pay GST for commission received before 1st of July 2017 or I can use the earlier service tax exemption of INR 10 lakhs? Questions Part 2: * Let's say the company F send me US$100 (just a figure) for marketing, like participating in trade show etc * Out of this US$100 let say US$70 is spend for promo....
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....tion of company F. So I am left with US$30. So do I have pay GST on US$100 (total amount received) or US$30 (which is left). The US$70 I have spend also includes the GST for Expo or business promotion and have the bill. Thank you, Best Regards, SH Reply By Ramesh Kothari: The Reply: in both case either pre/post era of GST when u are under thresh hold exempted limit u r not coming under this p....
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....review either ST or GST Ramesh Kothari<br> Discussion Forum - Knowledge Sharing ....