Hi
If your commission agents are not registered under GST, you shall be liable to pay GST on reverse charge basis.
Further, if amount of annual commission to an agent exceeds Rs.15000, TDS @5% shall have to be deducted.
Ecommerce business
i have an ecommerce business and i am having an contract with supplier of services to provide his service when customer pays from your website, so i don't purchase and sell i m just an intermediary. so i have some sales agent (name: a) who bring such creditors to me and other sales agent who bring customers to my website, these sales agent (name :b) are not my employees , we have an agreement for commission. I am not doing interstate till date. so my question was : some a and b sales agent are small and some i pay more than 30k in a year so do i need to deduct any gst and do i need to deduct even tds? do i need to deduct tds for my creditors while paying them money which i received from customers and how much under which section do i need to deduct gst and tcs for my creditors , please help me? any other complaince which i forgot
Asked 6 years ago in GST
you have to take 2 registration under GST 1 as Ecommerce operator and other as normal taxable person, in transactions with agents if they are registered then they charge gst on his services other wise no gst , TDS under income tax is liable if amount exceeds Rs. 15000 and rate of TDS is 5% under section 194H
while paying to creditors you have to collect tcs under gst and on your commission part (which you deduct while payment made to creditors) creditors have to deduct your tds
Hi,
you have to take registration under GST as Ecommerce operator and as normal taxable person.
If your agents are registered under GST then they will charge gst on their services otherwise you have to charge it on reverse charge.
Further, there are also provision relating to collection of tcs under gst which are currently deferred.
TDS is applicable @5% if commission amount exceeds Rs. 15000.
I have an ecommerce business and i dont deal in physically providing goods, my business model will be my customer will buy coupons from me and have option to pay cash directly to vendor and then vendor will give me comission achcordingly . So when i take commission still i have to take tcs also along with it. in this cash model tds wont be applicable , means now i dont have to deduct tds of vendor coz i am not paying him (sales - comission), he is paying me (comission) so tds wont be applicable right? and whereas for GST on commission I will charge comission as exclusive of gst so i will make bill of gst seperately showing.... so while taking commission from seller do i need to take tcs (tcs for gst thing) also and then deposit with government.... If i gave discount to customer and actual price charged for coupon was 400 but due to my discount customer pays to restaurant only rs300 so i will get comission on 400*10/100=40 and have to pay to restaurant Rs.100 extra (400-300), so ultimately i have to pay 60Rs (400-300-40) so any tax applicable now? do i need to deduct TDS and TCS on this 60RS? Please help me
Asked 6 years ago
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