Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
The Advance Ruling Authority held that the exemption under Serial No. 77 of Notification No. 12/2017 - Central Tax (Rate) is member-specific for Resident Welfare Associations (RWAs). If an RWA collects up to Rs. 7,500 per month from a member as reimbursement of charges or contribution share, it shall not be liable to pay GST on such amount, irrespective of whether the contribution from other members exceeds Rs. 7,500 per month. The exemption applies individually to each member's contribution, not collectively to the RWA's total collections. Therefore, if an RWA registered under GST collects Rs. 7,000 from one member and Rs. 9,000 from another in the same residential complex, it shall not be liable to pay tax on the Rs. 7,000 amount.
The Advance Ruling Authority held that the exemption under Serial No. 77 of Notification No. 12/2017 - Central Tax (Rate) is member-specific for Resident Welfare Associations (RWAs). If an RWA collects up to Rs. 7,500 per month from a member as reimbursement of charges or contribution share, it shall not be liable to pay GST on such amount, irrespective of whether the contribution from other members exceeds Rs. 7,500 per month. The exemption applies individually to each member's contribution, not collectively to the RWA's total collections. Therefore, if an RWA registered under GST collects Rs. 7,000 from one member and Rs. 9,000 from another in the same residential complex, it shall not be liable to pay tax on the Rs. 7,000 amount.
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