Home |KSFE Pravasi Chitty | KSFE will deduct 5 % commission, 12% GST; 1% cess. That’s in a total of 18%. Is it correct?

KSFE will deduct 5 % commission, 12% GST; 1% cess. That’s in a total of 18%. Is it correct?

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Subin VR Subin VR, Chartered Accountant,FCA, DISA (ICAI) verified
Answered on March 06,2021

GST and cess is on Forman commission. Then total deduction will be 5.65%. furthermore cess will be applicable upto July 2021 only.

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Thomas Thomas
Answered on March 31,2020

12% GST and 1% Cess is on 5% Foreman’s Commission. So the net deduction would come to only 5.65%.

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Guide

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..
  Click here to get a detailed guide
Guide

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..
  Click here to get a detailed guide

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