TaxTMI 
TaxTMI 
what are the provisions will applicable under gst for the remuneration received by partners of the firm and profit of the firm ? Thanks in advance.
what are the provisions under gst remuneration received by partners of the firm and profit of firm ?
21 Jun 2017 
1 Reply 
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GST applicability: remuneration and profit sharing among partners treated as not subject to GST under the forum advice.
The reply states that GST is not applicable to remuneration paid to partners and is likewise not applicable to the sharing or distribution of firm profits among partners, treating both categories as outside the scope of GST. (AI Summary)
The reply states that GST is not applicable to remuneration paid to partners and is likewise not applicable to the sharing or distribution of firm profits among partners, treating both categories as outside the scope of GST. (AI Summary)
