Question

malathi purchased a house through an agent. the agent accepted the commission amount in cash but did not issue receipt to her .explain the concept ​

Answer 1

Explanation:

An agent is the company or individual that carries a deal between two people. It may be services or supply of goods.  So, in the reason is:-  

Malathi has bought a house through an agent but did not provide a receipt as a document or proof of the payment. According to the commission agents under GST rule for Lands or apartment sales is 18%. Therefore the other hand agent was unregistered so accepted paid cash without any receipt as no proof of commission payment.  

The cash paid by Malathi exceeded her yearly income that may have another reason of not accepting any receipt.

Answer 2

Answer:

) Malathi purchase a house through an agent. The agent accepted the commission amount in cash but did not issue a receipt to her