Applicability of gst on brokerage income of mutual fund
This query is : Resolved
Querist : Anonymous
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.
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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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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