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what are the provisions under gst remuneration received by partners of the firm and profit of firm ?

RameshBabu Kari

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.

GST Not Applicable on Partner Remuneration and Profit-Sharing in Firms, Clarifies Recent Query. A query was raised regarding the applicability of Goods and Services Tax (GST) on the remuneration received by partners of a firm and the firm's profit-sharing. The response provided suggests that GST does not apply to the remuneration and profit-sharing among partners. (AI Summary)
Goods and Services Tax - GST
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DR.MARIAPPAN GOVINDARAJAN on Oct 21, 2017

In my view GST will not be applicable to remuneration and sharing of profits among the partners.

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