GST on Corpus Funds for Apartment Maintenance

In re Crimson Dawn Apartment Owners Welfare Association (GST AAR Tamilnadu) Tamil Nadu Authority for Advance Ruling (AAR) has ruled that corpus funds/sinking funds collected by Resident Welfare Associations (RWAs) from their members for specific purposes, such as building maintenance, are subject to Goods and Services Tax (GST). This ruling came in the case of Tvl. Crimson Dawn Apartment Owners Welfare Association. The AAR clarified that such collections are considered “supply of service” under Section 7 of the CGST Act, 2017, as they are for a consideration and in the course of fu...