Levy of GST is on an event called “supply”. In case of an association or club, can it be said that an association or club is supplying services to its own members ? As an illustration to understand the issue let us assume that a housing association is formed by the resident members to facilitate […]
Consider a scenario wherein a registered person under GST have availed transitional credits. Such person might have availed credits either in respect of closing balance of June return’s u/s 140(1) of the Central Goods & Services Tax (‘CGST’) Act, 2017 or in respect of stocks as on 30.06.2017 u/s 140(3) of the CGST Act, 2017.
