Finmin clarifies applicability of GST on services between Joint Venture & its members

Finance Ministry (TRU) issues clarification on applicability of service tax / GST on taxable services provided to Joint Venture by its members and vice versa, and inter se such members; Explains, a conjoint reading of provisions of law viz. scope of “supply”, definitions of “business” u/s 2(17) and “person” u/s 2(84), and Para 7 of Schedule II, implies that implies that supply of services by an unincorporated association or body of persons to members for cash, def...