CBIC Updates - GST Applicability to AIF Operations
GST Operating Manual - A Comprehensive document prepared for the govt officials to understand on AIF Structure, parties involved, distribution waterfall illustration
Summary_AIF Operating Manual - AIFs Tax treatment & SEBI Regulations
Distinction between AIFs and other investment products
18th June 2024: IVCA Communications to Members on GST Applicability to AIF Operations
Template for IVCA Members - Regarding GST Notices Received by Fund Managers
Disclaimer to the template:As a member-driven body, IVCA cannot take a legal stance on GST notices. Furthermore, member AIFs undertake diverse practices with different nuances, which may have contributed to the notice and any subsequent response. IVCA has developed this template for the ease of reference for its members, which the members can independently examine, at their own discretion and risk, while formulating their responses as deemed fit. The stances outlined in the attached document may vary on a case-by-case basis, and it is imperative that member AIFs consult their tax and legal advisors to thoroughly examine the responses. IVCA disclaims any responsibility or liability for actions or consequences arising from the use of the contents of this document. Rest assured, IVCA has been raising this issue with the concerned authorities and is actively seeking an amicable resolution for its members and the AIF industry, to the extent possible.
Detailed Note: IVCA’s response to queries raised by members regarding the applicability of GST to AIFs.
Crisp Version: Includes a few illustrative questions commonly found in GST Notices.