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COMMISSION AGENTS OF ONIONS AND POTATOES - EXEMPTED GOODS, GST

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..... 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. Do we have any limit on the exemption of commission received .....

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..... under GST Act? Thank You Reply By KASTURI SETHI: The Reply: No 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 of ' Agriculture'. Reply By Kishan Barai: .....

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..... The Reply: Moreover Export Commission agent would be exempted as they are considered as a pure agent, so even they have non agri products, still there is no cause of worry. Reply By Ganeshan Kalyani: The Reply: agricultural produce is out of GST. Reply By Ganeshan Kalyani: The Reply: I mean to say it is exempted from GST. Reply By KASTURI SETHI: The Reply: Answer to the query is complete .....

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..... here. Supply of Service as commission agent is taxable unless specifically exempted. I mean to say supply of goods and supply of service are both different. If supply of goods is exempted from GST, even then supply of service as commission agent can be taxable unless specifically exempted. Just for knowledge sake. However, in the above case specific notification exists. Reply By Kishan Barai: The .....

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..... Reply: Respected 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. Reply By V Prasad: The Reply: Thank You All Reply By KASTURI SETHI: The Reply: Sh.Kishan Barai Ji, I agree with you in toto. I am just saying specific notification is required for exemption to commission agent .....

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..... as provided in the present case. Reply By V Prasad: The Reply: Is the exemption applicable if we act as both traders (sales and purchases) and commission agents of onions and potatoes? Thank You Reply By KASTURI SETHI: The Reply: Yes. Exemption is available to both types of supply simultaneously provided that it is mentioned in application form for registration accordingly.
Discussion F .....

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..... orum - Knowledge Sharing .....

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