Question ID :
44699
104792
MR A IS RETAILER FOR DIGITAL SEVA KENDRA ( DSK) . THIS DSK OFFER VARIOUS SERVICES LIKE PAYMENT OF UTILITY BILLS , BANKING , TICKETING OF RAILWAY, RECHARGES FOR MOBILES, DTH ETC. MR A RECIEVE CASH FROM CUTOMERS TOWARDS PAYMENT OF UTILTY BILLS , RECHARGES ETC AND DEPOSIT THE CASH IN IS CURRENT ACCOUNT AND TRANSFER THE SAME TO THE BANK ACCOUNT OF DSK. FOR PROVIDING THIS SERVICES AS A RETAILER THROUGH THE DSK , HE GETS COMMISION INCOMEONLY
THE QUESTION IS
1.WHAT IS THE TRESHHOLD LIMIT FOR GST REGISTRATION FOR RETAILER MR A
2. WHAT WILL BE THE TAXABLE SUPPLY FOR THE RETAILER , WIL IT BE THE COMMISION INCOME OR THE VALUE OF CAH RECEIVED FROM CUSTOMER.
Posted by
CA. SHIRODKAR YESHWANT VINAYAK
on
Jul 30, 2024
Filed Under
GST
Only Commission Income received to be considered
Posted by
VINAY BHARGAV KUMAR G on
Jul 31, 2024
Answer ID :
85479
In my view, only commission income will form part of the
aggregate turnover threshold for the purposthe of obtaining the GST registration. Reason being, for the other collections
he is merely acting like a pure agent under GST in terms of Rule 33 of CGST Rules, 2017, in which case the same will not form part of value of taxable supply, thereby not in aggregate turnover as well.
Posted by
SREENIVASULU THULASIRAM on
Aug 04, 2024