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.
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