Poonawalla fincorps
Poonawalla fincorps

Applicability of gst on brokerage income of mutual fund

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 January 2018 Dear Expert,
My Company are receiving Brokerage for Mutual Fund. I want to Know that Is GST applicable of that Brokerage. Please Advice me.
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Udaya Chandran

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Udaya Chandran (Expert)
10 January 2018 Yes, GST is applicable on brokerage received for mutual funds, if the receipt exceeds RS.20 lakhs p.a.

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