GST Applicable on RWA Corpus Fund Since It Represents Advance Toward Future Supply of Services

In re Liberty Square Apartment Owners Association (GST AAR Karnataka) The applicant, a residential apartment owners’ association registered under the Karnataka Apartment Ownership Act, 1972, manages the common affairs of a residential complex and collects monthly maintenance charges from members to meet recurring expenses such as staff salaries, housekeeping, maintenance of common areas, and utilities. In addition to these charges, the association also collects contributions toward a corpus fund or sinking fund intended to meet future contingencies and major capital expenditures, including s...