Goods and Services Tax

COMMISSION AGENTS OF ONIONS AND POTATOES – EXEMPTED GOODS, GST

Goods and Services Tax – Started By: – V Prasad – Dated:- 7-1-2018 Last Replied Date:- 9-1-2018 – We are commission agents of onions and potatoes which are exempted under GST bearing HSN Codes of 07031010 and 07101000 respectively.Do we have any limit on the exemption of commission received under GST Act?Thank You – Reply By KASTURI SETHI – The Reply = No limit at all. Both fall in the definition of agriculture produce. So purchase and sale of both as a commission agent exempted from GST vide Notification No.12/17-Central Tax dated 28.6.17 as amended (Serial No.54(g) refers). It is exempted supply. However, Seed is out of definition of ' Agriculture'. – Reply By Kishan Barai – The Reply = Moreover Export Commission agent would be e

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e Reply = Respected Kasturi Sir, according to my view Comission agent would not be charged GST for any products because invoice would be issued by other for them it would be chargable. – Reply By V Prasad – The Reply = Thank You All – Reply By KASTURI SETHI – The Reply = Sh.Kishan Barai Ji, I agree with you in toto. I am just saying specific notification is required for exemption to commission agent as provided in the present case. – Reply By V Prasad – The Reply = Is the exemption applicable if we act as both traders (sales and purchases) and commission agents of onions and potatoes? Thank You – Reply By KASTURI SETHI – The Reply = Yes. Exemption is available to both types of supply simultaneously provided that it is mentioned in applicati

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