I am a director of a private limited company. We are partners with a foreign company which deals in software subscription. For our services, the company pays us a quarterly commission directly in our bank account.
Earlier, we directly added this sum to our revenue and paid tax thereon. I want to ask if there is any special treatment for our case with the introduction of GST? or should we charge GST under RCM?
Please note that we do not raise any invoice to the company to receive such commission.
Jan. 08, 2018