Mutual fund distributors seek tax relief after Sebi’s expense ratio overhaul (opens original article in a new tab)

Mutual fund distributors in India are seeking tax relief due to income losses from Sebi's expense ratio overhaul

• Sebi revised expense ratio structure separates GST and statutory levies from base expense ratio
• Mutual fund distributors seek tax relief through reverse charge mechanism to offset income loss
• Small distributors exempt from GST face 15% income decline under new TER rules
• Amfi and Sebi have not responded to queries about the tax relief proposal