https://www.taxtmi.com/forum/issue?id=119947 Carried interest that is performance-linked and not attributable to an identifiable capital contribution by the Investment Manager is taxable under GST as consideration for fund management services rather than a return on investment or an actionable claim. Routing the carried interest through the Sponsor by assignment does not alter its taxable character; substance over form applies. The IM should issue tax invoices for carried interest, remit applicable GST, and document the service basis and calculations in the IM agreement and assignment documentation. en-us Tue, 29 Apr 2025 17:43:00 +0530 Sat, 03 May 2025 16:22:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119947 Carried interest that is performance-linked and not attributable to an identifiable capital contribution by the Investment Manager is taxable under GST as consideration for fund management services rather than a return on investment or an actionable claim. Routing the carried interest through the Sponsor by assignment does not alter its taxable character; substance over form applies. The IM should issue tax invoices for carried interest, remit applicable GST, and document the service basis and calculations in the IM agreement and assignment documentation. Discussion-Forum GST Tue, 29 Apr 2025 17:43:00 +0530 https://www.taxtmi.com/forum/issue?id=119947