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All QuestionsCategory: GST Consultancygst provision on interest and remuneration to partners in partnership firm
Profile photo of TARUN GUPTATARUN GUPTA asked 5 years ago

gst provision on interest and remuneration to partners in partnership firm

Whether a partner’s remuneration/interest/ share in profit taxable under GST?

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1 Answers
Profile photo of ConsultEase AdministratorConsultEase Administrator answered 5 years ago

Partners remuneration is not supply but only profit sharing. This shall not be liable for GST. Still, counter-arguments can be there. In case of a partnership , an employment agreement is not there but the essence of the transaction is the same. 


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