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of <h1>West Bengal Clarifies GST Tax Implications for Joint Venture Cash Calls Under Certain Conditions.</h1> The circular from the Directorate of Commercial Taxes, West Bengal, addresses the tax implications for services provided within a Joint Venture (JV) under the GST regime. It clarifies that cash calls, which are financial contributions by JV members, may or may not be considered taxable services depending on the JV agreement's terms. The document reiterates that the principles established under the previous service tax law remain applicable under GST. Two illustrations are provided: one where cash calls are used for machinery purchase (non-taxable) and another where an operating member uses its own machinery for JV activities (taxable). The circular took effect on March 5, 2018.
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