Is GST applicable on commission income?
Share
42 views
Related Questions
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 07,2021What are the documents required for GST registration ? Do we need to pay any fees? Is yes, how much? Within how much days we can get the GST certificate? Do we required to get help from any CA for GST Registration ?
You need copies of PAN, adhar, rent agreement, building tax challlan, bank account details for Registering with GSTN. Since ...
3
0
2108
-
MISHRA CONSULTANTS
GST Practitioners ,Income Tax Practitioners & Auditor Based Service in Coimbatore, Tamil Nadu . Answered on November 16,2022What are the documents required for GST registration ? Do we need to pay any fees? Is yes, how much? Within how much days we can get the GST certificate? Do we required to get help from any CA for GST Registration ?
You need copies of the person on whose name you are going to start the business PAN, adhar, rent ...
3
0
1410
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 06,2021Is GST filing mandatory for small business either in starting of business they have very low amount of sales. And what is the meaning of turnover is it monthly or yearly?
Filing of GST is mandatory. If you fail to file it will create huge liability in the form of ...
2
0
1010
-
MISHRA CONSULTANTS
GST Practitioners ,Income Tax Practitioners & Auditor Based Service in Coimbatore, Tamil Nadu . Answered on November 16,2022Is GST filing mandatory for small business either in starting of business they have very low amount of sales. And what is the meaning of turnover is it monthly or yearly?
Yes filing of GST is mandatory. As if in starting stage business is low you can file nil return ...
2
0
475
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 09,2021Is GST registration required. If somebody wants to sell his product from home and there is no company ?
If your turnover about to exceed 40 lakhs in a Financial year, GST registration is compulsory; Only turnover in ...
1
0
439
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 08,2021I applied for cancellation of my GST registration number one year ago, but I want it back. Is this possible to activate GST again or should I apply for new GST registration?
If the registration is already cancelled, you have to apply afresh.
2
0
197
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 08,2021If I register a sole proprietorship via GST and pay GST fees for services I sell, am I exempt from paying income tax on those profits since I already paid 18% GST?
Income Tax and GST is different. GST is a tax on supply of sale and services. It is applicable ...
1
0
336
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 11,2021Is it possible to get GST registration to one of the businesses of a company, so that transactions in other businesses do not require GST filing?
Not possible. If you are doing multiple business under a Company, and you got GST Registration, all business will ...
1
0
36
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 08,2021After paying 30% income tax, how can anybody pay 18% or 28% GST? Should GST be 9% max on any item?
Income Tax and GST is different. GST is a tax on goods and services and you have to pay ...
1
0
54
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 08,2021I got my GST certificate online recently. After five days, I got a call from GST inspector and as per him I need to submit hard copies of documents immediately otherwise he will cancel my GST. Is it correct?
Nowadays GST dept is verifying the newly registered persons data to assure these are genuine persons. You can submit ...
1
0
400
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 11,2021Is GST registration required to open a small supermarket till the turn over go beyond Rs. 20 Lakh?
Not required if turnover is less than Rs.40 lakhs.
1
0
152
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 13,2021Is GST registration mandatory for MSME?
Not mandatory. If your turnover in goods is above 40 lakhs and in service above 20 lakhs, then it ...
1
0
82
-
Shyamal Modi
Tax Advocate | Financial Advisor | Virtual CFO . Answered on November 22,2021I want to startup from my residence and I want to take GST on my residence address. Is it possible?
Yes, it is possible to take registration on residence address. You can even register your Pvt. Ltd. company at ...
1
0
151