COMMISSION AGENTS OF ONIONS AND POTATOES – EXEMPTED GOODS, GST
Query (Issue) Started By: – V Prasad Dated:- 7-1-2018 Last Reply Date:- 9-1-2018 Goods and Services Tax – GST
Got 10 Replies
GST
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
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knowledge sake. However, in the above case specific notification exists.
Reply By Kishan Barai:
The 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. Exemptio
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