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Effect of gst on mutual funds 1.
Income from mutual fund under gst. The impact of gst on the real estate sector is limited to cost structure and input credit available. While the consumer too can expect a subsequent rise in the expense ratio under most. Taxes that are directly paid to the government by the taxpayer. Industry experts also feel that mutual fund products are set to become costlier on implementation of gst.
The gst rate on under construction projects remains 12 only. Hello mutual funds are the funds who gather money from people in sips and invest in multiple stock s gst is goods and services tax a single tax throughout india and the sector s which gain more by this is logistics sector yes the bill is pas. However the mutual fund shall now be liable to deduct tds 10 as per section 194k on the income distributed to mr. For actively managed equity schemes mutual fund scheme may charge 2 5 per cent for the first rs 100 crore of average weekly net assets.
If you are wondering if gst in any way affects your mutual fund investments the answer is yes but in a very small amount. 1 75 per cent for the balance aum. Stocks of companies like sobha brigade enterprises oberoi reality and sunteck have positive expectations from gst implementation. At present mutual fund attracts 15 per cent service tax.
Two types of taxes. A compulsory contribution to state revenue levied by the government on workers income and business profits or added to the cost of some goods services and transactions. Increase in service tax gst after the launch of gst the service tax has been replaced by gst and the tax rate has been increased from the earlier 15 to 18 which is expected to slightly increase the prices of mutual. 2 25 per cent for next rs 300 crore.
2 per cent for next rs 300 crore. However under gst it would be. What is tax. Many mutual fund investments will be directed towards gst gains and quite a few equity schemes have been launched to cash in on the gst related opportunities.
The service tax on mutual fund as per the new gst law has to be paid at the place where it is consumed.
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