Gst applicablity

233 views
User Avatar

6 Points Posted on 20 January 2020
whether gst is applicable on chit fund business
1 Reply Share Follow
On 20 January 2020 at 18:13 Report
Replies (3)
Quick Summary
This discussion clarifies the applicability of GST on chit fund businesses. GST is indeed applicable on the commission amount charged by chit fund managers, at a rate of 12%. The Central Government, following RBI directives, also oversees chit fund operations in India.

User Avatar

"Do the Right Thing...!!!"
128162 Points Posted on 20 January 2020
Yes... If registered under GST on Commission amount...
Reply
On 20 January 2020 at 19:11
User Avatar

Profession
28271 Points Posted on 20 January 2020
Central Govt.
as instructed by RBI will not allow chit fund operations in India .
Reply
On 20 January 2020 at 19:28
User Avatar

GST Practitioner
55067 Points Posted on 21 January 2020
Yes GST @ 12 % is applicable on Services provide by Chit fund Manager.
Reply
On 21 January 2020 at 00:33

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. CA Fees deduction for non audit case allowed?
  2. 5th Letter PAN Mismatch with Surname issues still
  3. Criteria to hire an article
  4. Guidence requested for a Finance Professional with
  5. Expert Opinion Required – Form 140 Gross Amo
  6. WRONG TAX DEMAND - formal responses , rectificatio
  7. Foreign remittance
  8. Affordable Residential Flats in Gurgaon
  9. Manufacturing
  10. TAN REGISTRATION ON E-FILLING SITE

More recent discussions | Post

Related Topics :

Loading