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Application for GST no by Mutual fund agent
I am 65 old Indian Male resident. Mine income from MF agency is less than 20 lakhs. since I am not having GST no MF house deducts 18% as GST on RCM basis. To avoid such deduction by MF house, I wish to opt GST no voluntarily. so should I charge GST to MF house on commission to be charged ? Or since my income is less than 20 lakhs I should not charge GST ? what is advisable ?
Replies (2)
Yes...
You ll be come in GST then You ll register as "Valundary Basis".
Then you can charge GST on your Commision...
Thanks for reply...however it's I "can" or I "have to" compulsorily charge GST ?? is it advisable to take GST or it's better GST is deducted on RCM basis ??
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