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The following services provided for commission are exempt under GST: Services by the fair price shops: To the Central Government on sale of rice, wheat, and other coarse grains. To the state government or Union Territories on sale of kerosene, sugar, edible oil, etc. Support services to agriculture, forestry, fishing, and animal husbandry.
The HSN CODE FOR Services provided for a fee/commission or contract basis on wholesale trade is 996111. The full form of HSN Code is Harmonized System of Nomenclature. It was introduced in 1988 by the World Customs Organization (WCO). It is a 6-digit code that separates different products.
Jun 30, 2019 · A Commission Agent is required to obtain Compulsory Registration u/s 24 (vii) of CGST Act, irrespective of its turnover. Thus, the threshold limit of Rs.20 lakh as enunciated in section 22 (1) of CGST Act, does not apply to an Agent. The extract of Section 24 of CGST Act, 2017 is reproduced as under:
Search and Find HSN Codes, SAC codes & GST Rates of goods and services under GST in India. Under GST, tax slabs have been fixed at 0%, 5%, 12%, 18% and 28%
Apr 27, 2023 · The HSN code for commission (998351) should be used when reporting income earned from commission-based services. In addition to taxation purposes, the HSN code for commission can also be useful for trade purposes.
Showing Result for "commission services" Find GST HSN Codes with Tax Rates. Here you can search HS Code of all products, we have curated list of available HS code with GST website. The procedure to find HS Code with tax rate is very simple.
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