Hi Manish
Reverse Charge was and is always applicable on Service of Mutual Fund Agent to Mutual Fund Co
hence Mutual fund co is always liable to pay gst not you
If you are registered,stil Mutual fund co is liable to pay,not you have to deposit
You have to fill Nil GSTR Return
You can show your service amount as Exempt Service
Also you can apply for cancellation if you want as registration is not compulsory
Also reverse charge is not deducted it is always extra
Suppose service provided by agent to co of 100000+gst rate of 18%
Company has to pay you 100000+deposit 18000 extra to govt
Learn more here
Written on Oct. 31, 2017, 12:45 p.m.