Forum GST Gst on chit fund business

Gst on chit fund business
Ambica Sood
watch_later 20/03/18

Hello,

Can you tell me if GST is applicable on chit fund business.?

Is applicable on the commission provided ? 

Can you please explain.

Thank you

1 Response | Latest response: 20/03/18 | Sort by Likes(thumb_up) Recent | GST Reply
GST Payer
watch_later 20/03/18
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GST is charged on foreman of chit fund at 12% without input credit. GST is not applicable on interest part.

You can check GST on Chit fund.

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