Dear Sir,
Chit fund Company has lifted own investment chit in July 2021 and collect foremen commission is the amount is applicable to GST or Not
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GST ON CHIT FUND COMPANY FOREMEN COMMISSION
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Summary: GST of 18% is applicable only to the foreman's commission charged for managing the chit fund, not the total chit amount or prize money. This applies to all management services provided by the foreman, including cases where the company participates in the chit.
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