The Authority for Advance Ruling Karnataka (AAR) has held that corpus fund contributions collected by a residential apartment owners’ association from its members for future capital expenditure qualify as a “supply” under GST law, and therefore GST becomes payable at the time of collection of such funds. The bench of Kalyanam Rajesh Rama Rao and…
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Corpus Fund Collected by Apartment Owners’ Association Is ‘Supply’, GST Payable at Time of Collection; Rs. 7,500 Monthly Exemption Not Applicable: AAR
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.
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