Big Update! GST Intelligence sends notices to about 10-12 Mutual Funds

Directorate General Of GST Intelligence (DGGI) sends notices to about 10-12 Mutual Funds, sources tell

DGGI SENDS NOTICES TO ABOUT 10-12 MUTUAL FUNDS: SOURCES

• Notices/ Letters Of Inquiry Seek Details Of Accounting For Expenses
• DGGI Finds Discrepancies In Accounting By AMCs For Expenses Capped At 2.25% Of AUM
• DGGI Alleges Mutual Funds Wrongfully Accounted For Scheme Costs As Capex To Claim Credit
• Alert: Input Tax Credit Is Not Available To MFs On Expenses Incurred By Schemes
• Mumbai And Meerut Zones Of DGGI Sent Notices