I AM A MUTUAL FUND DISTRIBUTOR SERVING ALL AMCs LOCATED ALL OVER INDIA. MY COMMISSION INCOME FROM ALL AMCs DURING THE F.Y. 2020-21 MAY EXCEED EXEMPTION LIMIT OF Rs. 20.00 LAKHS UNDER GST.
IF IT EXCEEDS RS. 20.00 LAKHS , CAN I AVAIL COMPOSITION SCHEME WHICH IS APPLICABLE TO SUPPLIER OF SERVICES FROM 20.00 LAKHS TO 50.00 LAKHS TURNOVER ?
NAVEEN KUMAR Asked question October 15, 2020
Yes you can avail and pay 6% GST without charging same from customer and no ITC.
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Frah Saeed Changed status to publish October 16, 2020