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Corpus Fund Collected by Housing Society taxable under GST as It Is Advance for Future Services
Case Law Details
- Case Name
- In re Apartment Owners Association of Raj Lake View (GST AAR Karnataka)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- AAR Karnataka, Advance Rulings
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In re Apartment Owners Association of Raj Lake View (GST AAR Karnataka)
GST Payable on Corpus Fund at Time of Collection Because It Is Advance Under GST Law; ₹7,500 Monthly GST Exemption Not Available for Corpus Fund Because It Is Separate from Maintenance Charges; Housing Society Corpus Fund Cannot Be Treated as Deposit Because It Represents Consideration for Services; Corpus Fund and Maintenance Charges Treated Differently for GST Because Their Nature and Purpose Differ; GST Liability on Housing Society Corpus Fund Arises on Receipt Because Time of Supply Is Payment Date; Apart...
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