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💹 Financial Advisor / CFP

GST, Tax & Compliance for Financial Advisor / CFP in India

India financial advisory market growing. SEBI Registered Investment Adviser (RIA) requires certification + registration.

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Financial Advisor / CFP Ke Liye GST & Tax Summary

GST Applicable?
✅ Yes — 18%
Financial advisory services 18% GST.
Income Tax
44ADA eligible. SEBI RIA registration if providing investment advice.
Mandatory Compliance
✅ GST monthly ✅ SEBI registration (if RIA) ✅ AMFI ARN (if MF distributor) ✅ Income Tax ITR

GST Guide for Financial Advisor / CFP

📋 GST Rate: 18% | Threshold: ₹20L (services)

GST registration mandatory ho jaata hai jab Financial Advisor / CFP ka annual turnover ₹20 lakh cross kare. Financial advisory services 18% GST.

  • Monthly GSTR-3B filing (20th of following month)
  • GSTR-1 outward supply details (11th of month)
  • Annual GSTR-9 (December 31)

Income Tax for Financial Advisor / CFP

44ADA eligible. SEBI RIA registration if providing investment advice.

💡 Section 44ADA Benefit: Financial Advisor / CFP Section 44ADA ke under eligible professional hai. Matlab: gross receipts ka sirf 50% taxable income mana jaata hai — remaining 50% automatically deemed expenses.
SB
Adv Sandeep Bangarwa
Ba LLB, Tax Consultant
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