Jimmy's Vision

My ARN is registered under GST. Last Year i.e. F.Y 2018-19, my income was more than Rs. 20 Lakh & I was paying GST. But this year i.e. F.Y 2019-20, my income will be less than Rs. 20 Lakh. Can I cancel/surrender my GST Number & inform all AMC's.
As per your query, if your aggregate turnover on PAN India basis does not exceed the statutory threshold limit i.e. in this case Rs.20 Lakhs, the GST registration can be cancelled or surrendered.


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.