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Earning though doing online CreditCard Transaction for others - Income TaxExtract Hi, With my credit cards I do online transactions for one person and in return I charge 2% as my commision on that transaction amount. That person pays the transaction amount and the commision amount directly to my credit card (online transfer). He use my credit cards to grab the offers generally run by various e-commerce websites. On average the credit card usage will be 3-4 lakh per month. Approx 50 lakh in a year. My question is: 1. Is earning through the commision in this way comes under GST ? If yes then how much percent it will be ? 2. If it doesn't fall under GST, then do I need to have any legal contract between us, specifing in details that I just charge the commision on that transaction amount, as I don't know for what purpose he is doing such a bulk purchasing. Also to specify, he does not hold any GST number ( he is unregistered user). Please guide me. I don't have any issue in paying tax on earnings and want to do all the thing legally so that I can't get scrutiny by IncomeTax. -Thanks Rahul
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