GST on exit-load on mutual funds : CBIC Clarify

By | June 4, 2018
(Last Updated On: June 4, 2018)

Whether GST will be levied on the exit-load on mutual funds?

Exit load in the form of a fee (whether or not as a fixed percentage of the investment) is liable to GST.

Even if the exit load is in the form of units in the fund, it may be concluded that the consideration received in money was later converted to NAV units.

Q 91 of GST FAQs on Financial Services Sector published by CBIC

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