https://www.taxtmi.com/forum/issue?id=120838 Whether interest paid by a firm to its partners on capital contributed under the partnership deed constitutes a supply or an exempt service for GST purposes, and whether such interest is includable in aggregate turnover for registration threshold computation. The discussion considers whether the interest is consideration for use of money or an appropriation of profit, and notes the view that it may be treated as interest on advance or deposit and therefore exempt, while still being included in aggregate turnover as an exempt supply. en-us Wed, 25 Mar 2026 16:22:13 +0530 Thu, 09 Apr 2026 12:12:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120838 Whether interest paid by a firm to its partners on capital contributed under the partnership deed constitutes a supply or an exempt service for GST purposes, and whether such interest is includable in aggregate turnover for registration threshold computation. The discussion considers whether the interest is consideration for use of money or an appropriation of profit, and notes the view that it may be treated as interest on advance or deposit and therefore exempt, while still being included in aggregate turnover as an exempt supply. Discussion-Forum GST Wed, 25 Mar 2026 16:22:13 +0530 https://www.taxtmi.com/forum/issue?id=120838