Monday, May 3, 2021

No ST on remuneration to partner towards activities performed for partnership firm: CESTAT Ahmedabad

EXCISE/ST/VAT : Remuneration received by appellant from its partnership firm towards certain activities performed in terms of partnership deed was nothing but profit in partnership sharing and same could not be treated as consideration towards provision of service under Finance Act, 1994, hence appellant will be liable to refund of service tax on all activities performed by appellant in capacity of partner to partnership firm

from www.taxmann.com Latest Case Laws https://ift.tt/3ueE2wd

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