Besides, brokerage of agricultural produce charged to facilitate transactions between wholesalers and millers or farmers will draw 18 per cent GST, ruled the AAR.
Sandeep Sehgal, tax partner at AKM Global, said the case relates to Andhra Pradesh-based Gayatri Enterprises, a broker in agricultural produce such as urad dal and its varieties, moong dal and variants, toor, jowar and karamani. The company charges a fixed price per bag from the parties.
Its name is not mentioned anywhere in sale or purchase invoices of transactions. It raises invoices to the parties only for the brokerage amount.
Bu hikaye The Business Guardian dergisinin March 08, 2024 sayısından alınmıştır.
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Bu hikaye The Business Guardian dergisinin March 08, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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