Where applicant enter into agreements with various companies/organizations (industry partner) who imparts actual practical training to trainees and, trainees are paid monthly stipend by industry partner, which is routed through applicant, reimbursement by industry partner to applicant of stipend paid to trainees, does not attract tax under GST Act as applicant is only a conduit for payment of stipend and actual service is supplied by trainees to trainer companies (industry partners) against which stipend is payable
Source: taxmann.com
Latest Posts in "India"
- GST on Hotel Rooms ≤ Rs 7,500: 5% Rate, No ITC for Hotels or Business Travellers
- GSTN Releases Key FAQs on GSTR 9/9C Filing for Financial Year 2024-25
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
