Ch.6 · Distributor Commission Structure · hard
Which of the following correctly describes GST applicability on mutual fund distributor commissions?
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EXPLANATION
Distributor commission is treated as a financial service and is subject to GST at 18%. Distributors whose annual commission income exceeds the GST registration threshold (currently ₹20 lakh for most states) must register for GST and charge/deposit GST on their commission income.
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