TARUN 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?
Answer the question1 Answers
ConsultEase 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.
