What is GSTR-1 for a mutual fund distributor?

GSTR-1 is the return where you report the GST tax invoices you raised during the period, mostly your invoices to the fund houses (AMCs) for your brokerage. It is how the GST you charged is declared to the department, and it lets the AMC claim input tax credit against your invoice.

When is GSTR-1 due for an MFD?

If you file monthly, GSTR-1 is due by the 11th of the next month. If you are on the quarterly QRMP scheme, you file GSTR-1 quarterly and can push your B2B invoices to the AMC each month using the IFF (Invoice Furnishing Facility) by the 13th. GSTR-3B, the tax payment return, is separate and usually due by the 20th or as notified under QRMP.

What do I report in GSTR-1 as an MFD?

Your invoices to the fund houses are B2B supplies, reported invoice by invoice with the AMC's GSTIN, the invoice number and date, the taxable brokerage, and the CGST and SGST or IGST at 18%. A clawback handled by a credit note is reported in the credit and debit notes section.

What if my invoice numbers have gaps?

GSTR-1 expects invoice numbers to run in sequence for the financial year. Gaps, repeats, or numbers that do not match your issued invoices draw questions at filing and can hold up the AMC's input credit. Keeping one clean, unbroken series avoids this.

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GSTR-1 · GST return · Mutual fund distributors

GSTR-1 filing for mutual fund distributors: what to report and when

Q: Does MFD Office file GSTR-1 for me?

No. MFD Office makes your GST invoices for the fund houses on KFIN and CAMS. You or your CA file GSTR-1 on the GST portal. Because MFD Office invoices are sequential, carry the SAC code 997152, and split the 18% GST correctly, the figures you enter in GSTR-1 match your invoices with no rework.

Once you have raised your GST invoices to the fund houses, GSTR-1 is the return where you report them to the department. Here is what a mutual fund distributor puts in it, the due dates, and how clean invoices make it match with no rework.

MFD Office makes the invoices that go into your GSTR-1, sequential, correctly split, and SAC-coded. First read SEBI BER and your GST for what changed, and the invoice format and SAC code.

What GSTR-1 is, in one line

GSTR-1 is your monthly or quarterly statement of outward supplies, the sales invoices you raised. For a mutual fund distributor that is mostly your brokerage invoices to the fund houses (AMCs). It is how the GST you charged is declared, and it is what lets each AMC claim input tax credit against your invoice. GSTR-1 reports the invoices; a separate return, GSTR-3B, is where the tax is actually paid.

When it is due

How you file	GSTR-1 due	Also note
Monthly	By the 11th of the next month	GSTR-3B by the 20th
Quarterly (QRMP)	GSTR-1 once a quarter; push B2B invoices each month via IFF by the 13th	GSTR-3B and tax as notified under QRMP

The QRMP scheme is open to taxpayers with turnover up to 5 crore rupees, which covers most individual MFDs. IFF (the Invoice Furnishing Facility) lets a quarterly filer still hand the AMC its invoice each month, so the fund house is not made to wait a whole quarter for its input credit.

What a mutual fund distributor reports in GSTR-1

Your invoices to the fund houses are B2B supplies, so they go in invoice by invoice, not as a lump sum.

For each invoice	What goes in
Recipient GSTIN	The fund house's GSTIN. This is what makes it a B2B line.
Invoice no. and date	Exactly as on the invoice you issued, in sequence.
Taxable value	The brokerage, before GST.
Tax	CGST and SGST, or IGST, at 18%, by place of supply.
Place of supply	The fund house's state.
Credit or debit notes	A clawback handled by a credit note goes in the credit and debit notes section, against the original invoice.

Where MFD Office fits, honestly. MFD Office makes your invoices for the fund houses; you or your CA file GSTR-1 on the GST portal. Because every MFD Office invoice is in one clean sequence, carries SAC 997152, and splits the 18% correctly, the figures you key into GSTR-1 match your invoices with no rework or chasing. See one of your own invoices free.

How the invoice and the return connect

Raise the invoice to each fund house for the period, in one clean number series.
Upload it on KFIN or CAMS so the GST is released to you.
Report the same invoices in GSTR-1 (or push them via IFF), invoice by invoice, by the due date.
Pay and file GSTR-3B for the tax. The AMC then sees your invoice reflected in its GSTR-2B and takes its credit.

If a figure in GSTR-1 does not match the invoice you uploaded to the registrar, the AMC's credit can be held up and you get queries. That is why one clean, unbroken invoice series matters so much.

Common GSTR-1 mistakes for MFDs

Invoice numbers with gaps or repeats. The series must run in order for the financial year. This is the most common trigger for scrutiny.
Wrong AMC GSTIN, so the invoice lands in the wrong place or the AMC cannot claim credit.
Wrong tax split, CGST and SGST where it should be IGST, or the other way. The total is 18% either way, but the split must match the place of supply.
Missing a clawback credit note, so your return overstates the brokerage the AMC actually paid. See the credit note guide.
Filing late, which delays the AMC's input credit and can attract a late fee.

Please note: this is general information, not tax advice. Return type, due dates and QRMP eligibility depend on your own registration, so confirm with your tax advisor.

Clean invoices make GSTR-1 easy

Upload your KFIN or CAMS file and see real, sequential, correctly split invoices for your own fund houses. No signup, no card.

Try with your file, free

Common questions

Does MFD Office file GSTR-1 for me?

No. MFD Office makes your GST invoices for the fund houses. You or your CA file GSTR-1 on the GST portal. MFD Office invoices are built to match your return so there is no rework.

GSTR-1 or IFF?

If you file monthly, everything goes in GSTR-1 by the 11th. If you are on the quarterly QRMP scheme, you file GSTR-1 each quarter but can hand the AMC its invoice each month using IFF by the 13th.

Is GSTR-1 the same as paying the tax?

No. GSTR-1 reports the invoices. GSTR-3B is where the tax is paid, usually by the 20th, or as notified under QRMP.

How does this link to the AMC's records?

What you file in GSTR-1 flows into the AMC's GSTR-2B, which is how it claims credit. See GSTR-2B and MFD commission.