PE, VC funds could be treated as separate class of investors

The Customs, Excise & Service Tax Appellate Tribunal, Bengaluru, in a July 2021 order held that service taxes were applicable on expenses incurred by PE-VC funds even under the trust structure. That implies carry fees, legal fees and salaries incurred by a fund that is held in a trust structure would appropriate service tax.

from Tech-Economic Times https://ift.tt/0uaemPs