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CHIT Fund in Gst
can anyone pls explain in detail taxation of chit fund in GST??
Replies (1)
In case chit fund :
The money collected from members is Exempted in term of Notification 12/2017 CT (R) , yes the commission paid to Chit Fund manager for his services is being taxable Under Head 9971 @ 12% GST
The money collected from members is Exempted in term of Notification 12/2017 CT (R) , yes the commission paid to Chit Fund manager for his services is being taxable Under Head 9971 @ 12% GST
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