This case study is geared towards understanding the impact of Goods and Services Tax on Mutual Funds in India. | GST and mutual funds in India a case study International Journal of Management IJM Volume 11 Issue 5 May 2020 pp. 179-184 Article ID IJM_11_05_017 Available online at http ijm JType IJM amp VType 11 amp IType 5 Journal Impact Factor 2020 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 DOI IAEME Publication Scopus Indexed GST AND MUTUAL FUNDS IN INDIA A CASE STUDY Rohan Benjamin Research Scholar Institute of Management Commerce amp Economics Shri Ramswaroop Memorial University Lucknow India Dr. Alka Singh Associate Professor Institute of Management Commerce amp Economics Shri Ramswaroop Memorial University Lucknow India ABSTRACT The Goods and Services Tax is considered to be a revolutionary step in the Indirect Tax regime of our nation and is geared towards subsuming all other Indirect Taxes which are currently prevailing. In India this reformatory taxation system became applicable from 1st July 2017 and the jounce of Goods and Services Tax has been noted in the prices of almost the entire range of goods and services starting with manufacturers and going up to the end users. Since this tax covers services in its ambit its brunt has also been felt by providers of Investment Services as well. Earlier a service tax of 15 was charged from the Asset Management Companies AMCs which in turn affected the scheme s Net Asset Value NAV . After the implementation of GST this rate has been raised to 18 which has increased the expense ratio of the mutual fund houses by 3 . This rate of 18 has been prescribed for the financial service industry thereby leading to an increase in the tax liability for mutual fund distributors. This rise in the rate of tax leads to an increase in the expense ratio of mutual fund schemes and the blow is ultimately taken by the consumers . the mutual fund investors. This case study is geared towards understanding the impact of Goods and Services Tax on .
