TaxTMI 
TaxTMI 
GST ON COMMISSION INCOME
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....ST ON COMMISSION INCOME<br> Query (Issue) Started By: - Deepak Gupta Dated:- 31-7-2018 Last Reply Date:- 3-8-2018 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>I AM REGISTERED PERSON UNDER G....
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....ST AND MY ANNUAL TURNOVER IS MORE THAN 20 LAKH. IN MAR 2018 I HAVE RECEIVED COMMISSION ON SALE OF GOODS OF OTHER REGISTERED PERSON. IS GST APPLICABLE ON COMMISSION INCOME ? IS IT MANDATORY FOR ME ....
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....TO ISSUE INVOICE ? IS I AM LIABLE TO PAY INTEREST/PENALTY ON THAT COMMISSION IN PRESENT GST RETURN ? Reply By SHIVKUMAR SHARMA: The Reply: Yes,GST Is applicable on sales Commission Income. Yes It ....
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....is mandatory for you to issue invoice. Yes, If you have to pay Interest & penalty for Delay Payment & Non submission of Returns. Reply By KASTURI SETHI: The Reply: Rightly advised by Sh.Shivkumar S....
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....harma, an expert. Reply By Ganeshan Kalyani: The Reply: GST is applicable on the commission income. Interest is payable on late payment of GST and late fee is payable on delay filing of return. Rep....
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....ly By DR.MARIAPPAN GOVINDARAJAN: The Reply: I also endorse the views of Sri Sivakumar Sharma. Reply By YAGAY andSUN: The Reply: We endorse the views of our experts.<br> Discussion Forum - Knowledge....
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