https://www.taxtmi.com/article/detailed?id=11687 The AAR found that a joint venture constituted a distinct person because the parties agreed to share risk and revenue; consequently, services provided by a co venturer to the joint venture-input and managerial services in return for a share of profit-constitute taxable professional, technical and business services and are liable to GST under the service rate notification. The author disputes this, arguing that an owner's profit share as an actionable claim should not be treated as supply subject to GST. en-us Thu, 03 Aug 2023 10:18:28 +0530 Thu, 03 Aug 2023 10:18:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11687 The AAR found that a joint venture constituted a distinct person because the parties agreed to share risk and revenue; consequently, services provided by a co venturer to the joint venture-input and managerial services in return for a share of profit-constitute taxable professional, technical and business services and are liable to GST under the service rate notification. The author disputes this, arguing that an owner's profit share as an actionable claim should not be treated as supply subject to GST. Articles Goods and Services Tax - GST Thu, 03 Aug 2023 10:18:28 +0530 https://www.taxtmi.com/article/detailed?id=11687