Gst rates on mutual funds
After the launch of GST, the service tax has been replaced by GST and the tax rate has been increased from the earlier 15% to 18%, which is expected to slightly increase the prices of mutual funds and may, therefore, affect the returns. Well, the answer is: yes, it will have a marginal impact on mutual fund investments. “The impact will not be that big, but it surely will change something for the mutual fund investors,” says Neil Parikh, CEO, PPFAS Mutual Fund. He believes that the increase in service tax from 15 per cent to 18 per cent would make mutual funds a