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Under a national distributor or a sub-broker: do you raise a GST invoice to the AMC?
By MFD Office · Updated 24 August 2026
Short answer. The AMC pays commission to the ARN holder. If the ARN is yours, you invoice each AMC and upload on CAMS or KFIN. If you work under another distributor's ARN, for example a national distributor, that distributor receives the commission from the AMC and raises the invoice to the AMC. You are paid by the distributor. If you are GST registered, your invoice goes to that distributor, in the format it asks for. The CAMS and KFIN upload screens are for ARN holders.
Three situations
- You hold your own ARN. Every AMC pays you directly. You raise one GST invoice per AMC per month and upload it to the registrar that services that AMC. The 7th to 15th window applies to you.
- You are a sub-broker under a distributor's ARN, with your own EUIN. The AMC pays the ARN holder. The ARN holder pays you a share. If you are GST registered, your invoice goes to the ARN holder for the share it pays you. Ask the distributor for its format and its cut-off date. You do not upload on CAMS or KFIN.
- You hold your own ARN and also earn under another distributor. Both apply. Invoice the AMCs for your own ARN through the registrars. Invoice the distributor for the share it pays you.
On registration
The ₹20 lakh threshold is on your total taxable income from services. It is not counted per AMC and not per distributor. Once you cross it, or if you choose to register earlier, your commission is paid exclusive of GST and the GST is paid only against your invoice. Below it, and unregistered, you receive the base commission only.
On AMFI's GST details request
AMFI asks ARN holders to keep their GSTIN status updated so registrars know whether to pay GST. If you are a sub-broker without an ARN, that request is for your distributor, not for you.
Please confirm your own case with your CA. The three situations above are the usual structure. Your agreement with your distributor decides the exact format, the cut-off date and how the share is described on your invoice.
How MFD Office helps. For your own ARN, MFD Office prepares the signed invoice for every AMC and the upload set for CAMS and for KFIN from the files each registrar sends you. Every plan covers one ARN. For a second ARN, write to us from the Account tab.
Hold your own ARN? See your invoices signed
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Common questions
I am under a national distributor. Do I upload on CAMS?
No. The ARN holder does. You invoice the ARN holder for your share, if you are GST registered.
Does the 15th deadline apply to sub-brokers?
The 15th is the registrar window for ARN holders. Your distributor sets its own cut-off for your invoice.
Is my share of commission a taxable service?
For a registered person, yes, it is a supply of service to the distributor who pays you. Confirm the treatment with your CA.
I have an EUIN but no ARN. Do I need to update my GSTIN with AMFI?
AMFI's request is for ARN holders. Your distributor updates its own GSTIN status. Share your GSTIN with the distributor so its records match your invoices.
See also