Mutual fund commission
This query is : Open
07 May 2019
Dear sir
If a Person received Mutual Fund commission Income (suach as HDFC Mutual Fund, ICICI Prodential Mutual Fund etc) hence does he need to Compulsory Register in GST ?
Does he fall under the Pure Agent ?
Thanks & Regards
If a Person received Mutual Fund commission Income (suach as HDFC Mutual Fund, ICICI Prodential Mutual Fund etc) hence does he need to Compulsory Register in GST ?
Does he fall under the Pure Agent ?
Thanks & Regards
08 May 2019
In cases where amount exceeds Rs. 20 lakh, GST registration should be taken. However, this limit is not applicable wherever reverse charge is applicable.
08 May 2019
Thank you very much for your reply, but I just want to know these types of Income consider pure agent income in GST ?
09 May 2019
No he does not fall under pure agent service and registration is compulsory from the beginning.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query Regarding on TDS section 194H and 194J
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
