Should you take GST registration for your mutual-fund commission?

Five answers. You get must / should / need not, what it costs or saves you a year in rupees, and a one-page note for your file.

CGST sections 22, 25, 10 · Rules verified 17 Oct 2026
1Tell us your income
2Read the answer
3Print or share

1Your income

5 answers
The amount the AMCs pay you, before any GST — add up all fund houses.
The insurer pays the GST on this, but it still counts toward the ₹20 lakh line.
Shop sales, coaching or tuition fees, consultancy, commercial rent, freelance work. 0 is a normal answer.
Your GST status today

Everything else — open only what you need

Your business expenses and the CA's fee assumed: no GST on expenses · ₹12,000 a year in fees
Default 0. Phone, internet, software, office rent, printing. Not car, fuel or food — the law blocks those.
Default 12,000. ₹1,000 a month is a common fee for a small service provider's returns; change it if yours differs.
Default 6 — the services scheme. Your CA knows if yours is different.
Your other income in detail assumed: 18% · no GST on its purchases
Default 18. Coaching, consultancy and commercial rent are 18%; for shop goods type your main rate.
Default 0.
Default 0. For example rent from a house let as a residence. It counts toward the ₹20 lakh line but carries no GST.
Your name and the letterhead for the note
Remembered on this device. “Chartered Accountants” prints under it.
Today, by default.
How this works

What changed on 1 April 2026. AMCs now pay commission without GST. They add 18% only for a registered distributor who sends a tax invoice — and that distributor pays the 18% on to the government.

So what does registering get you? Only the GST you pay on your own business expenses, which you can then claim back. Against that: monthly returns, and GST on any other business under your PAN.

The ₹20 lakh line. It counts everything under your PAN — mutual-fund and insurance commission, other business, exempt income. In Manipur, Mizoram, Nagaland and Tripura the line is ₹10 lakh. Confirm with your CA

An AMC in another State. That doesn't force you to register while you're under the line — service providers below it are exempt from the inter-State rule (Notification 10/2017-Integrated Tax). Confirm with your CA

Insurance only. If insurance commission is all you earn, you need not register at all — the insurer pays the GST (Notification 5/2017-Central Tax).

Composition. A composition registration issues a bill of supply, not a tax invoice, so the AMC adds nothing — and you pay composition tax on the commission. Confirm with your CA

What this page does not do. It doesn't work out cancelling a registration or leaving composition — that is a separate question for your CA.

Your answer

Type your mutual-fund commission to start.

Things to check

    The money, line by line

    a year
    Want a CA to register you and file the returns? Karan does these. Ask CA Karan Gupta →
    Your data never leaves this browser. This page applies sections 2(6), 22, 25, 10 and 31 of the CGST Act, 2017, Notification 5/2017-Central Tax and AMFI's revised commission payout framework effective 1 April 2026 to the figures you type. It is not tax advice. Coming out of a registration, or out of composition, is a separate question for your CA. Statutory rules change; verify against the latest notifications. Rules verified 17 October 2026. Nothing you type is uploaded. Maintained by a practising Chartered Accountant.

    Type your name and the firm's name to print the note.