“COMPREHENSIVE ANALYSIS OF GOODS AND SERVICES TAX ON TRUSTS AND THEIR ASSOCIATED SERVICES”

Abstract

In India, most charitable, religious and educational activities are carried out under  legal entity called 'Trusts'. The concept of trusts is widely understood to be one which runs non business activities and is established in the nature of a non-profit entity. Usually, the purpose of a trust is not to earn profits but to function for the upliftment of society at large.

We shall in this study try to analyse implication of taxation particularly GST on the charitable, religious and education activities carried on by a trust

Key words: Goods and Services Tax (GST), Trusts, Compliance Requirements, Reverse Charge Mechanism, Trust-Related Services