Partners' remuneration besides profit-share, taxable; No IGST credit cross-utilisation among distinct persons
Govt. / CBEC clarifies over twitter that remuneration to Partners over & above share of profits is not in nature of employer-employee relationship, hence appears to be liable to GST; Input tax credit of IGST cannot be cross utilized amongst distinct persons; Vouchers would either be “goods” or “services” depending on which item they can be redeemed for; On a query whether export through merchant exporter by 100% EOU would be zero rated, Govt. / CBEC clarifie...