Thinking of starting an online platform for selling organic fruits, vegetables, and other produce? We want to set up a trust for this, where a small portion of the customer’s payment goes towards maintaining the site. Would this type of public trust be exempt from service tax and VAT in India?
Best Answer
Under Indian law, trusts are generally subject to service tax and VAT. However, the exemption from these taxes depends on the specific activities undertaken by the trust and the nature of its operations. It’s essential to consult with a tax professional to determine the applicable tax implications for your specific trust structure and activities.
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