https://www.taxtmi.com/circulars?id=70930 GST treatment of transactions involving an unincorporated joint venture depends on whether members' contributions are merely transactions in money or constitute consideration for a supply. Cash calls pooled solely to acquire machinery for joint-venture use are capital contributions and not taxable where no activity is performed for another for consideration. Where an operating member uses its own machinery to undertake activities for the joint venture and recovers costs from other members, the arrangement constitutes a taxable supply of service. Taxability depends on the facts and joint-venture contractual terms. en-us Mon, 05 Mar 2018 00:00:00 +0530 Mon, 24 Aug 2026 15:31:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70930 GST treatment of transactions involving an unincorporated joint venture depends on whether members' contributions are merely transactions in money or constitute consideration for a supply. Cash calls pooled solely to acquire machinery for joint-venture use are capital contributions and not taxable where no activity is performed for another for consideration. Where an operating member uses its own machinery to undertake activities for the joint venture and recovers costs from other members, the arrangement constitutes a taxable supply of service. Taxability depends on the facts and joint-venture contractual terms. Circulars GST - States Mon, 05 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70930