GST on RWA Corpus or Sinking Funds: Tamil Nadu Advance Ruling

In re Tvl. Crimson Dawn Apartment Owners Welfare Association (GST AAR Tamilnadu)

A recent advance ruling by the Tamil Nadu Authority for Advance Ruling has provided clarity on the Goods and Services Tax (GST) implications for Resident Welfare Associations (RWAs), specifically concerning the collection of “corpus funds” or “sinking funds” from their members. The ruling, sought by Tvl. Crimson Dawn Apartment Owners Welfare Association, addresses the taxability of such funds, applicable GST rates, and the availability of Input Tax Credit (ITC).

The Crims

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