Taxation of sale and services by a club to its members has always been a susceptible matter for litigation. In the GST regime also, the stance is no different. Given the extensive reach of taxation, it is no wonder that tax agencies try to tax the internal transactions and in-house contributions of these groups.The author Rajat Mohan (Senior Partner, AMRG & Associates), elucidates that one principle which is of paramount importance in case of club…
Source: gstsutra.com
Latest Posts in "India"
- GST 2.0: Key Changes, New Rates, and Business Impact Explained
- Guide to GST Refunds for Unregistered Persons: Cancelled Service Contracts Explained
- India Reduces GST on Solar and Wind Equipment to 5%, Cutting Renewable Energy Project Costs
- India Unveils Next-Gen GST: Simplified Tax Structure, Lower Rates, Boosts Business and Affordability
- Piyush Goyal Urges Industries to Pass GST Benefits to Consumers for Economic Growth