Interest paid by firm to its partners would be covered under defination of supply and so under aggregate T.O.?..pls guide or any relevant judgement for this
Interest on Partner's Capital under GST Exempt Supply?
Hithik
GST supply issue over interest paid to partners and its treatment in aggregate turnover remains unanswered here. Interest paid by a firm to its partners is discussed as a GST query on whether it constitutes supply and forms part of aggregate turnover. No substantive ruling is given; the text only contains a request for guidance and a cross-reference to another discussion entry. (AI Summary)
TaxTMI
TaxTMI