Jimmy's Vision

Some Mutual Funds deduct CGST and SGST and then pay brokerage,

while some don't deduct GST. Should I only pay GST for the remaining Mutual Funds?

Since you are not registered under GST, some Mutual Funds show a GST bifurcation in the commission details and some do not.

We assume you are not registered under GST since your annual turnover (aggregate supplies/MF Commission Income) in the Mutual Fund Distribution Business is not exceeding Rs.20 lacs (Rs.10 lacs for States - Manipur, Mizoram, Nagaland & Tripura) in the previous Financial Year. You are under the ‘no liability to pay GST’ since you are not registered under the GST Act.

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.