- GST is a significant aspect of India’s history and affects commission agents and brokers
- Commission agents and brokers are subject to GST under Section 7 of the CGST Act
- Registration for GST is mandatory for commission agents, regardless of turnover restrictions
- Service providers can access the composition scheme under the CGST rate
- Requirements for brokers or commission agents in invoicing include providing a tax invoice and SAC code on the invoice
Source: taxmanagementindia.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "India"
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries
- Finance Minister Addresses GST Transition Concerns, Outlines Measures for Smooth Implementation
- Rajasthan HC Rules Principal-to-Principal Service Contracts as Export, Not Intermediary, Under GST
- CBAM Compliance Guide for Indian Exporters: 2025–26 Edition
- Government Scrutinizes E-commerce for Ignoring CST Rate Cuts, Investigates 3,000 Consumer Complaints
