GIFT City IFSC offers a compelling GST regime for fund managers. Management fees and carried interest are exempt from GST for Fund Management Entities operating in the IFSC. This exemption, combined with tax holidays and regulatory flexibility, makes GIFT City an attractive destination for onshoring fund management.
This article explains the GST compliance for GIFT City fund managers.
FME Registration
- Register with IFSCA as a Fund Management Entity.
- Comply with IFSCA Fund Management Regulations.
GST Exemption
- Management fees exempt from GST.
- Carried interest exempt from GST.
- Documentation to support exemption.
VCC Structuring
- Variable Capital Company framework.
- Flexibility for fund structuring.
Compliance
- GST returns if applicable.
- Documentation of exempt services.
- Coordination with IFSCA.
Conclusion
GIFT City offers significant GST advantages for fund managers. A CA firm with IFSC expertise ensures compliance and optimises the structuring.
At Anuj Desai & Associates, we provide GST compliance for GIFT City IFSC fund managers. Our team handles FME registration, GST exemption, and VCC structuring.
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.