#AmendmentSrNo10.under service tax regime, small mutual fund distributors were exempt, the same way under GST, small mutual fund distributors should be permanently exempt from Reverse Charge Mechanism. Thanks

#AmendmentSrNo25
We request the following amendment after the words cost accountant " or and Advocate ora 5years experienced GSTP (as STP) and shall submit a copy of audited annual accounts..."

#AmendmentSrNo10 exempt small mutual fund distributors from Reverse Charge Mechanism permanently

Moreover if Insurance agents are exempted & how TDS is deducted then that is still understandable if Mutual fund distributors are put in same category. But by imposing GST the process work will only increase for distributors and govt dept & no major purpose will be served. The investor if not being charged GST on his investment then it does not make practical sense to charge a distributor GST just for being a facilitator. Hope that you will give due consideration.Thank you.

" we Request the following amendment
After the words cost accountant “ or a GSTP having 5 years of experience (as STP) and passed the examination conducted by NASIN and shall submit a copy of audited annual accounts......"

I'm sharing my views in attached PDF file.

Dear Sir, Mutual fund distributors are adversely affected by the GST regulations. Distributors who earn more than Rs.20 lakhs and even the ones who earn less than Rs.20 lakhs. As the client is not dealing in goods & services so thereby we distributors are only facilitators in the process of investment. The income earned is by way of commission which is tracked by each AMC. This income in turn is accounted for paying income tax in respective tax slab of the distributor. So pls consider & be fair.

We Mutual fund distributors who are generating business for AMCs ,but couldn't collect GST from clients. Hence GST should not be charged on MF distributors. More over most of MF distributors have registered for GST but within a month notification issued that below 20 lakhs revenue earners need not register for GST. Those who have registered tried to cancel but unable cancel& we were instructed to file returns. GST should waive the penalty for delay in filing returns

In case of Mutual Fund distributors /IFA's GST should be exempt as we people are working to help investors to invest good fund to create and enhance his wealth in a more professional and logical way. And we are not billing our customers (Investors) Like doctors/Lawyer/tax and other consultants which charges their clients with fees Plus Gst(18%),We are getting very nominal and as per Sebi approval commission from AMC' and we have to pay GST and Income tax(only IFA/MFD are come under double taxati

Govt ko late fee waive off karna chahiye.. atleast March tak ka.. Bahut logo ko pata nahi gst return ke baare me.. mere pass kayi logo ke case aaye hai