Question ID :
39238
Taxablity under GST
A person is an agent of Mutual Fund Assest Management Companies, General Insurance Companies as well as Life Insurance companies. He gets commission from the respective companies on the SIP instalments or premium on the General / Life Insurance policies paid by his clients. Is it mandatory for himself to get registered even if his commission is below Rs. 20 Lacs? How is he required to pay GST on all three commission incomes and at what rate?
posted by
Shyamal Jariwala
on
Jun 24 2019 12:00AM