How much is the GST for Rs. 10 lakhs chitty?






KSFE, Government of Kerala verified
Answered on January 07,2022

The Foreman commission for chitty having sala 10 lakh is Rs.50000. The GST for a chitty is 12% of foreman commission which will be Rs.6000/- in this case. In addition 12% of documentation charge (Rs.200/-) will also be levied as GST. So total GST will be Rs.6024/-

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Complete Guide on KSFE Pravasi Chit

KSFE Pravasi Chitty is a unique financial savings scheme introduced for the welfare of Malayalees living outside Kerala. It also gives NRK's, an opportunity to partake in the overall infras..
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