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of <h1>GST Circular: JV Services Taxation Under GST Echoes 2014 Service Tax Principles; Cash Calls Taxable Based on JV Terms.</h1> The circular addresses the taxation of services within a Joint Venture (JV) under the Goods and Services Tax (GST) regime, similar to the previous Service Tax framework. It clarifies that whether cash calls are taxable depends on the specific JV agreement terms. Cash calls used for capital contributions, like purchasing machinery, are not taxable. However, if an operating member uses its own resources to perform services for the JV, it constitutes a taxable service. The circular reiterates that the principles outlined in the 2014 Service Tax Circular apply to GST, emphasizing careful examination of each JV agreement to determine tax liability.
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