https://www.taxtmi.com/article/detailed?id=11038 The document addresses whether the doctrine of mutuality bars taxation of transactions between Alternative Investment Funds and their contributors, summarising the three mutuality tests (identity of contributors and participators, obedience to contributors' mandate, and prohibition of profit-taking from the common fund), surveys constitutional and statutory changes including a GST deeming fiction treating funds and members as separate persons, and reviews jurisprudence and tribunal decisions that apply these principles to determine when fund structures and commercial practices defeat mutuality and render inter-se transfers taxable. en-us Mon, 30 Jan 2023 13:46:06 +0530 Mon, 30 Jan 2023 14:16:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11038 The document addresses whether the doctrine of mutuality bars taxation of transactions between Alternative Investment Funds and their contributors, summarising the three mutuality tests (identity of contributors and participators, obedience to contributors' mandate, and prohibition of profit-taking from the common fund), surveys constitutional and statutory changes including a GST deeming fiction treating funds and members as separate persons, and reviews jurisprudence and tribunal decisions that apply these principles to determine when fund structures and commercial practices defeat mutuality and render inter-se transfers taxable. Articles Goods and Services Tax - GST Mon, 30 Jan 2023 13:46:06 +0530 https://www.taxtmi.com/article/detailed?id=11038