Question43: Does GST is chargeable on partner's remuneration' In Case of partnership firm'

Answer If the salary is paid with in the prescribed limit under section 40(b) of income tax Act then it should not be considered as supply by virtue of clause 1 of schedule I of GST Act. The remaining portion if paid over and above the prescribe limit will be considered as distribution of profit therefore it should also not be subjected to GST. (Reply dt. 17/4/2018)