Taxability for Chit Fund Business, Goods and Services Tax - GST

[vignesh VSACCOUNTOPRIVATELIMITED]

Sir for the chit fund organization GST to be Levied on Forman commission,
What will be the Aggregate Turnover, Whether the chit total collection to be considered Or foremen commission to be considered for threshold limit ! What will be the Tax rate?

Posts / Replies

[KASTURI SETHI]

Amount of commission is to be considered. Chit fund collection belongs to the subscribers and not to Foreman. Foreman does not lend his money.

[Ganeshan Kalyani]

Commission to be considered for threshold.