Corpus or Sinking Fund Collected by Housing Society Is Taxable as Advance Under GST

In re Godrej United Owner’s Association (GST AAR Karnataka)

The Karnataka Authority for Advance Ruling (AAR) considered an application filed by a registered apartment owners’ association seeking clarification on various GST issues relating to maintenance charges, water supply, corpus or sinking fund collections, applicability of exemption under Notification No. 12/2017-Central Tax (Rate), and taxability of voluntary contributions. The association was formed to maintain common area facilities and provide amenities to its members and collects maintenance charges from members

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