News From Press Most MF distributors yet to furnish GST number to Amfi

Most MF distributors yet to furnish GST number to Amfi

Source: Business Standard Aug 3, 2017

Mutual fund distributors have been quite slow in providing their Goods and Services Tax (GST) numbers to the Association of Mutual Funds in India (Amfi), even though a month has passed since the new levy was implemented on July 1.

According to sector sources, only about 6,000 distributors out of nearly 90,000 have furnished their GST numbers. Amfi had asked the distributors to provide their GSTN by July end, failing which, fund houses would deduct 18 per cent from their brokerage fees.

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1 Comment

V. Chakrapani · 7 years ago `

Sir,
Kindly help me how to proceed to obtain the GST number.

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