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I would like to know the IGST applicable on Mutual Fund services in Hill States. When service provider is belong to other states. Why is the IGST exemption limit is only 10 Lakh in Hill States.

As per your query, if the service provider resides in any of the states in India except Manipur, Mizoram, Nagaland or Tripura then he should opt for GST Registration if his aggregate turnover exceeds Rs.20 lakhs in previous Financial Year (PAN India basis). If the service provider is from Manipur, Mizoram, Nagaland or Tripura he needs to opt for GST registration if his aggregate turnover exceeds Rs.10 Lakhs in the previous Financial Year (PAN India basis). This is applicable for both Inter State as well as Intra State services.

Since you are from Uttarkhand, GST Registration is required if the aggregate turnover exceeds Rs.20 lakhs in the previous Financial Year.

The IGST rate is 18% for all the States. 

Advise you to further confirm/clarify the same with your Tax consultant as well.


Risk Factors: Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Please visit - to read Scheme Specific Risk Factors. Investors in the Scheme(s) are not being offered a guaranteed or assured rate of return and there can be no assurance that the scheme's objective will be achieved and the NAV of the scheme(s) may go up or down depending upon the factors and forces affecting securities markets. Investment in mutual fund units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including possible loss of capital. Past performance of the Sponsor / AMC/ Mutual Fund does not indicate the future performance of the Scheme(s). Statutory Details: Quantum Mutual Fund (the Fund) has been constituted as a Trust under the Indian Trusts Act, 1882. Sponsor: Quantum Advisors Private Limited. (liability of Sponsor limited to Rs. 1,00,000/-) Trustee: Quantum Trustee Company Private Limited. Investment Manager: Quantum Asset Management Company Private Limited (AMC). The Sponsor, Trustee and Investment Manager are incorporated under the Companies Act, 1956.