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.
\nDo we have any limit on the exemption of commission received under GST Act?
\nThank You
\nReply By KASTURI SETHI:
\nThe Reply:
\nNo 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 <\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n knowledge sake. However, in the above case specific notification exists. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" 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 – GSTGot 10 RepliesGSTWe are commission agents of onions and potatoes which are exempted under GST bearing HSN Codes of 07031010 and 07101000 respectively. Do we have any … Continue reading “COMMISSION AGENTS OF ONIONS AND POTATOES – EXEMPTED GOODS, GST”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9754","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9754"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9754\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\nReply By Kishan Barai:
\nThe Reply:
\nRespected 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.
\nReply By V Prasad:
\nThe Reply:
\nThank You All
\nReply By KASTURI SETHI:
\nThe Reply:
\nSh.Kishan Barai Ji,
\n 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.
\nReply By V Prasad:
\nThe Reply:
\nIs the exemption applicable if we act as both traders (sales and purchases) and commission agents of onions and potatoes?
\nThank You
\nReply By KASTURI SETHI:
\nThe Reply:
\nYes. Exemptio<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n