TaxTMI 
TaxTMI 
What will tax incidence of mutual fund agent after crossing threshold limit whether tax will be charged by forward mechanism or tax will be levied by RCM by recipient company
GST on Mutual Fund Agent
19 Apr 2023 
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GST on mutual fund agent: agent must register and charge GST under forward mechanism once threshold is crossed.
Services by mutual fund agents are not subject to the reverse charge mechanism and are classifiable as brokerage and related securities services; when the agent crosses the registration threshold the agent must obtain GST registration and charge and remit GST under the forward charge mechanism, placing tax obligation on the agent as supplier rather than on the recipient. (AI Summary)
Services by mutual fund agents are not subject to the reverse charge mechanism and are classifiable as brokerage and related securities services; when the agent crosses the registration threshold the agent must obtain GST registration and charge and remit GST under the forward charge mechanism, placing tax obligation on the agent as supplier rather than on the recipient. (AI Summary)