GST leviable on Brokerage Charges by Broker of Agricultural/Exempt Produce at 18%: AAR [Read Order]

Commission earned in such a scenario is taxable under Goods and Services Tax as a service at 18%.

By Manu Sharma - On April 4, 2024 8:53 pm - 2 mins read

GST leviable - Brokerage Charges - Broker of Agricultural - Exempt Produce - AAR - taxscan

The Andhra Pradesh Authority for Advance Ruling ( AAR ) has ruled that, Goods and Services Tax is leviable at 18% ( 9% Central Goods and Services Tax + 9% State Goods and Services Tax ) on brokerage charges by brokers, even when the produce is agricultural or exempt. The applicant, M/s Gayatri Enterprises is…

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