AMFI appoints PwC to prepare draft on GST implementation
Jun 20 2017
News Category: Industry Update
As per media reports, the Association of Mutual Funds in India has appointed consultancy firm PwC to prepare a draft on the implementation of the Goods and Services Tax (GST) and its impact on the mutual fund sector. The draft will then be forwarded to the Securities and Exchange Board of India. Under the GST regime, asset management companies will have to pay service tax at a rate of 18% on the investment management fees they earn.