SEBI-registered Investment Advisers and Research Analysts provide advisory and research services that attract GST at 18%. Their compliance obligations include registration, invoicing, return filing, and ITC management. Export of services to foreign clients requires LUT filing and documentation.
This article explains the GST advisory for IAs and RAs.
Registration
- Threshold: ₹20 lakh for services.
- Voluntary registration for ITC claims.
- Registration required for inter-state supplies.
Fee Structuring
- Advisory fees: 18% GST.
- Research subscription fees: 18% GST.
- Retainer fees: 18% GST.
Export of Services
- Conditions under Section 2(6) of IGST Act.
- LUT filing for zero-rated exports.
- FIRC/FIRMS documentation.
ITC Management
- Eligible ITC: Software, data subscriptions, office rent, professional fees.
- Blocked credits: Section 17(5).
Conclusion
IAs and RAs need GST advisory that addresses their specific services. A CA firm with financial services expertise ensures compliance and optimises tax position.
At Anuj Desai & Associates, we provide GST advisory for investment advisers and research analysts. Our team handles registration, fee structuring, and export documentation.
For a confidential consultation, contact us at office@anujdesaiassociates.com or call 9619456656. Visit our website at https://anujdesaiassociates.com or connect with our founder on LinkedIn at linkedin.com/in/ca-anuj-desai-122547230.