watch_later 22/01/21


A person money transfer service from my bank account to customer bank account

(1000/- 500/- 2000/- example)payment through on online mode (Google pay and phone pay and other modes). money transfer after service charges received(commission) from customers.


A person services income collection charges gst registered applicable and I.t. return filed compulsory in I.t. act .


1 Response | Latest response: 11/03/21 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 11/03/21

If you are charging a fee for any transaction then it becomes a supply under GST.

Once the transaction falls in the definition of supply and you cross-registration limits, you have to register under GST.

Further under Income Tax, if you have taxable income and tax is payable you have to compulsory file your income tax return.


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